Bellevue AUM drop further

Bellevue Group’s assets under management (AUM) fell by around 16%, or CHF 939m, to CHF 4.8bn over the first half of the year.

This was partially due to pressure in the healthcare sector, which comprises 87% Bellevue’s AUM.

Another factor was a negative US dollar currency effect, which accounted for CHF 550m of the drop.