ICG assets under management rise, but investment arm feels COVID-19 pain

(Reuters) - Intermediate Capital Group on Thursday posted a 22% jump in full-year assets under management (AUM) but lower valuations triggered by the coronavirus pandemic pushed its investment arm into a 68.6 million pound loss for the period.AUM as at March 31 were 45.3 billion euros ($50.77 billion), compared to 37.08 billion euros a year earlier, the British asset manager said, which recently took a spot on the FTSE 100 bluechip index.(The story corrects typo in headline)