Ashmore first-quarter assets under management drop 13 percent

By Carolyn Cohn LONDON (Reuters) - Emerging markets-focused fund manager Ashmore suffered a 13 percent fall in assets under management over the last three months, hit by both withdrawals and weak investment returns. Net outflows were $4.0 billion (£2.6 billion), while a negative investment performance caused an additional $3.8 billion drop in assets under management to $51.1 billion in the three months to the end of September, the first quarter of Ashmore's financial year. A stock market c