* Long-Short funds take bulk of inflows in Q1
* Assets rise 0.1 percent since Jan. 1
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LONDON, April 7 (Reuters) - Fund manager Charlemagne Capital saw larger net asset outflows in the first quarter of the year than the whole of 2010 as investor appetite waned for its core offering of emerging market stocks.
Charlemagne said on Thursday that it saw $66 million net outflows in the three months to March 31 due to withdrawals from its mutual fund Magna range, institutional mandates and advisory business.
The group posted net outflows of $64 million in 2010 as investors moved money to developed economies because of mounting concerns about the sustainability of growth in some emerging markets.
In the first quarter of the year the Eastern European hedge fund range, Occo, attracted $48 million - accounting for almost all of the total inflows during the quarter. Assets under management were up slightly since the beginning of the year at $3.49 billion, as positive market performance brought in $100 million.
At 730GMT Charlemagne shares were unchanged at 19.5 pence. (Reporting by Cecilia Valente; Editing by Jon Loades-Carter)