Increased expenses due to higher investment management fees
Financial performance lags investment performance
Expenses up 7.5%
Earnings up 2.7%, revenue off 12%
Increase comes despite drop in assets under supervision
Sceptre Investment Counsel Ltd. has acquired Portfolio Risk Optimization Services (PROS), effective January 1. PROS uses its proprietary technology to deliver risk based, asset management solutions to pension funds, life insurance and general insurance companies.PROS will be operated as a separate division of Sceptre with Greg Fenton, president and Jean-Francois Lemay, vp, continuing to manage […]
Units trading on TSX
Portofolio manager keeps expenses in check
Sceptre Investment Counsel Ltd. posted 6.5% jump in net earnings, while revenues fell 3.55 in the first quarter ended Feb. 29.The Toronto-based company, one of Canada’s largest independent money management firms, said Q1 profits were $1.04 million (7¢ a share) vs $982,000 (7¢) for same period a year ago. Revenue was $6.6 million vs $6.8 […]
Lower revenue trims earnings