CEO Luke Ellis said he expected positive momentum into the fourth quarter after funds under management rose by 3% following $5.3 billion of net inflows in the three months to Sept. 30.

The UK-listed fund manager's alternative strategies offering, which aims to provide diversification to conventional assets, increased by $4.4 billion in the quarter.

However, long-only funds under management decreased by $0.2 billion in choppy markets.

Ellis said he expected a continuing high level of client engagement on a number of larger institutional mandates across systematic long-only and multi-manager strategies.

(Reporting by Kirstin Ridley; editing by Jason Neely)