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Red Kite Capital Management's profits fell by over 80% again

January 09, 2012 - 12:18 GMT Location: London

KEYWORDS: Red Kite Capital Management , Red Kite , profits , results , financial statements , hedge fund

Red Kite Capital Management, which advises the Red Kite group of funds, has seen profits for the year to end March 2011 tumble 82% compared with the previous year

Red Kite’s profit for the financial year, before members’ remuneration and profit shares available for discretionary division among members, came to £504,659 ($778,129) as fee income fell, and expenses rose, its most recent financial statements showed. The 2011 statements showed a less significant decline in gross profit, however, from...

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