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Red Kite Capital Management's profits fell by over 80% again
January 09, 2012 - 12:18 GMT
Red Kite Capital Management
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,
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Euromoney Institutional Investor PLC.
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