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Massive Decline in Profits for C-Quadrat
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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…
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