Charlemagne Capital 1H AUM $2.8B, Up 16%

9th Jul 2010 07:25

LONDON (Dow Jones)--Charlemagne Capital Ltd (CCAP.LN) said Friday assets under management, or AuM, for the first six months ended June 30 were $2.8 billion, up by 16% on June 2009, adding that it intends to declare an ordinary and a special dividend in respect of the first half. MAIN FACTS: -Overall decline in emerging markets in the first half of the year following the fall in global equities markets during the second quarter. -Net management fees receivable were $10.4 million compared with $8.4 million for the first six months of 2009. -Crystallized performance fees were $3.8 million compared with $0.3 million for the comparative period in 2009. -Accruing performance fees for 2010 which have not crystallized were $2.1 million compared with $0.9 million as at the same date in 2009. Charlemagne confident to see improved business flows going forward; Group remains well-capitalised and is continuing to invest in building the business. -Shares on Thursday closed at 14.5 pence, valuing the company at GBP40.7 million. -By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, [email protected] (END) Dow Jones Newswires July 09, 2010 02:25 ET (06:25 GMT)