Perpetual: Interim result 2014

Funds under management are rising at this well-regarded fund manager, costs are steady and profits are soaring.

A 17% rise in average funds under management (FUM) to $27.7bn at its funds management business, Perpetual Investments, has helped Perpetual to a 14% increase in revenue for the six months to December, to $205m, and a 37% rise in underlying net profit to $48m.

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