Australia's Navigator Global rises on higher AUM

Navigator Global Investments

14/10/2022 05:51

** Shares of Australia's Navigator Global Investments
 NGI.AX  rise as much as 5.6% to A$1.14, their highest since
Oct. 11
    ** The hedge fund portfolio manager reports group total
assets under management of A$36.5 billion ($23.10 billion) at
September end  urn:newsml:reuters.com:*:nASXch9D4k
    ** Says total Group AUM increased by about $0.9 billion in
September qtr
    ** More than 367,000 shares change hands, vs 30-day average
of 290,015 shares
    ** Stock has fallen 41.8% this year, as of last close
($1 = 1.5798 Australian dollars)
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))