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…