BREAKING NEWS

ICG posts 11% first-half asset jump on inflows of new money

Text size Aa Aa

LONDON (Reuters) – London-listed alternative asset manager Intermediate Capital Group <ICP.L> on Tuesday posted an 11% increase in first-half assets under management, boosted by inflows of new money.

ICG said it raised 4.6 billion euros ($5.10 billion) in new money across 14 strategies in the six months to the end of September, taking total assets to 41.1 billion euros and underpinning a 24% increase in group pretax profit to 153.4 million pounds ($198.90 million).

(Reporting by Simon Jessop, Editing by Lawrence White)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.
Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.