Edinburgh Fund Managers has seen its funds under management rise by 6.6% to £8.6bn in 2000, a 3.8% increase above market growth, according to the company's preliminary results.
Speaking about the results, Edinburgh chairman C H Ross said he was very pleased with the company's performance in 2000. Amongst the results, new business growth in 2000 saw Edinburgh Fund Managers achieve a second successive year of record gross sales, up by 70% to £700m.
Additionally, turnover increased by £6.4m to £36.3m for the Edinburgh based fund manager, a 21% rise. Ross added that he was pleased with the performance of Northern Venture Managers, the Newcastle based venture capital management firm it acquired in June last year. Northern Venture Managers added £2.2m to Edinburgh's revenues.
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