Massive Decline in Profits for C-Quadrat

Published: August 16, 2011; 16:57 · (Vindobona)

The Austrian fund company recorded a drop in performance fees in the first six months of the year. Net profit fell from € 8.5m to € 2.0m.

Massive Decline in Profits for C-Quadrat / Picture: © C-Quadrat

In the first half of 2011, C-Quadrat Investment AG realized a net profit for the period of € 2.0m. The strong increase in management fees, from € 16.2m to € 23.2m (+ 43%), is a particularly positive result. Besides the growth in assets under management, this strong increase in management fees is mainly attributable to the replacement of institutional assets with retail assets…

This article includes a total of 243 words.

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