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Egypt's EFG-Hermes 2011 profit tumbles 63 percent
The Asset Management Division saw AUM rise 2.2% Q-o-Qto USD 3.3 billion in 4Q2011, a promising increase following three quarters of declines that resulted in a 30.1% Y-o-Y decline in AUM in FY2011, largely on the back of redemptions. Private Equity AuMs stood at USD 980 million, with no exits…
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Source: EFG-Hermes