On Friday 13 October, CLIG 1Q trading update revealed Group Funds under Management “FuM” at end September 2023 of US$8.9 billion (n.b. June 2023: US$9.4 billion; Sept 2022: US$8.5 billion). In weak markets, discounts widened and CLIG saw outflows across its strategies (details on page 2 of this note). Current run-rate for operating profit before profit-share was $3.4m (4Q23: US$3.3m; 3Q23: US$3.1m; 2Q23: US$3.3m; 1Q23: US$3.0m).
