Microequities Asset Management Group (ASX:MAM) said its funds under management declined to around AU$518.1 million as of Wednesday, April 1, from around AU$657 million as of Dec. 31, 2025, according to a Thursday Australian bourse filing.

The fall was predominantly driven by mark-to-market valuation movements, the filing said.

The firm said its management continued to optimize the funds' portfolios and monitor the evolving risk environment, and that the current environment is creating attractive opportunities to acquire high-quality growth assets at heavily discounted valuations.