Italy's Azimut 9-mth net profit more than doubles on fees
MILAN Nov 8 (Reuters) - Italian asset manager Azimut said on Thursday its net profit in the first nine months more than doubled on the previous year, driven by an increase in performance fees.
In a statement Azimut said its net profit in the period was 121.2 million euros.
Azimut, one of Italy's leading independent asset managers, said its assets under management at the end of September were 19.2 billion euros. (Reporting By Stephen Jewkes, editing by Antonella Ciancio)
- Police seek motive in fatal Washington state school shooting
- U.S. nurse quarantined over Ebola criticizes her treatment |
- Washington state teen shooter's family living in 'nightmare'
- Two deputies killed, two others hurt in California shooting spree
- Wall St. finally turning on Amazon as Bezos magic fades