Pictet Assets Under Management Fell 0.3% in 2010, Le Temps Says

Pictet & Cie.’s client assets under management at the end of 2010 declined 0.3 percent from the previous year, Le Temps reported, citing figures from the bank.

Managed assets fell to 250.2 billion Swiss francs ($268.7 billion) as of Dec. 31, the bank told the Geneva-based newspaper, saying the strength of Switzerland’s currency reduced the value of total assets.

To contact the reporter on this story: Warren Giles in Geneva at wgiles@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

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