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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.
News: K2 increases FUM in 1H
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