Paris-based La Compagnie Financiere Edmond de Rothschild reported 15 per cent growth in assets under management in its fund and private wealth management business in 2007 to total €30 billion ($43.8 billion), with net inflows of €2.7 billion. The group said growth was particularly strong in the private asset management business where assets grew 26 per cent to €10 billion due to returns in alternative multi-management portfolios and emerging equity funds. Assets under management in the firm's multi-manager funds were up 55 per cent to €2.7 billion on the back of institutional demand. The fixed income business grew by 15 per cent on the back of subscriptions to its traditional treasury funds, while structured management had inflows of €1.3 billion and its private equity business grew to €1.3 billion. LCF Rothschild's assets are divided 47 per cent in equities, 21 per cent in fixed income, 15.5 per cent in alternative and balance multi-management, 11.5 per cent structured management and 5 per cent in private equity. It also said its UCITS equity vehicles increased 10.4 per cent in 2007 due to new product launches and strong performances from the mid-cap and Asian and emerging equity funds. In 2007, the group launched a fund focusing on restructuring situations and takeover targets, a Brazilian equities fund, two funds focused on environmental themes, a global luxury goods fund and a fund investing in Chinese fixed income securities.