Neptune profits tumble 40% in 2013 as headwinds impact global approach
Neptune Investment Management's profits before tax fell by over 40% in 2013, against a backdrop of falling assets under management, as headwinds continued to impact its global investment approach.
Profit before tax was £7.4m, according to the company’s accounts, down 42% compared to the £12.8m profit it reported in 2012. Group revenue for the year fell 14% from £85m to £72.9m. Assets under management...
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