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

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...

Published

Claire Hack

January 09, 2012

12:18 GMT