News: K2 increases FUM in 1H

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K2 Asset Management Holdings Limited (ASX:KAM) has generated a first half profit of $14.9 million and announced an interim dividend of 6 cents per share.

 

Funds under management increased by more than 17 per cent from June 30, resulting in management fees rising, contributing over $6 million to the result.

 

As at December 31, funds under management totalled $873 million.

 

The funds remained positive on market conditions and general economic outlook.

 

K2 also launched a new small cap fund in the first half and flagged further expansion for the second half.