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Here’s why the Moelis (ASX:MOE) share price has lifted today




The Moelis Australia Ltd (ASX: MOE) share price spent a day in the green today after the company released an investor presentation and operational update.

Moelis shares are trading up 3.9% at $5.58 as the market close draws near.

Let’s take a look at what’s behind the Moelis share price increase today.

Moelis operational update

In today’s release, the financial services company reported strong net fund inflows and a significant increase in assets.

Recapping the results from its first four months of trading in FY21, Moelis reported strong net fund inflows of $340 million, up $115 million on the prior corresponding period.

It grew its…

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