Assets under management at GAM's investment management arm rose 1.5% in Q1 with net inflows totalling CHF 2.5 billion, according to the firm's quarterly report.
The firm said its investment management division's AUM rose from CHF 84.4 billion to CHF 85.7 billion between December 2017 and March 2018, attributing the increase to 'strong net inflows, partly offset by negative market and foreign exchange movements'.
CEO Alexander Friedman said in a release: 'We are on track with our strategic initiatives.
'We continue to see good demand for specialised products that offer diversification versus traditional asset classes and broad market trends. Nevertheless, market volatility has increased noticeably over the last few months, which may lead clients to become more cautious.'
The firm also reported total group inflows of CHF 6 billion, bringing total group AUM to CHF 162.3 billion as of March 2018.