MAM Funds saw its funds under management climb 9% year on year, according to its interim results for the first half of the year, released today.
In its results for the six months to 30 June 2011, MAM reported assets under management of £1.68bn, up form £1.54bn in the first half of 2010. Revenue increased 7% to £10.7m, and underlying earnings per share rose 32% to 1.57p. Ian Dighé, executive chairman of the AIM-listed firm, said: “Since the new directors were appointed in February 2011, a number of initiatives have been successfully completed. "We have transformed our balance sheet, strengthened our fund management, sales and marketing teams' capabilities and continue to invest in upgrading our marketing systems. "Our fun...
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