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Ashmore said it saw net outflows of $11.5 billion over the financial year ended June 30, and it slashed variable pay for staff by 24% in a reflection of the decline in performance.
The fund manager reported a profit before tax of 112 million pounds ($140.88 million), which was supported by higher interest on cash balances following a slew of central bank rate rises.
(This story has been corrected to change the outflow number to $11.5 billion in paragraph 2)
