Boom year for Milford Funds as funds generate more performance fees, inflows rise

Wed, 24 Sep 2014

By Jonathan Underhill Sept. 24 (BusinessDesk) - Milford Funds , the public issuer of Milford Asset Management's retail funds, reported a 79 percent jump in annual fee revenue reflecting an inflow of money from investors and increase performance fees. Fee revenue climbed to $34 million in the 12 months ended March 31, from $19 million a year earlier, according to its financial statements. Its management fee component soared 157 percent to $15.4 million and the performance fee rose climbed 45 percent to about $18.9 million. Fund management...

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