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

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By Reuters

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)