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Fund management company Jupiter Fund Management reported higher underlying profit as assets under management strong UK equities and alternative funds performance.
The company also declared special a dividend, citing high-level of performance fees.
For the year ended 31 December, underlying pre-tax profit increased by 10% to £179.0 million as assets under management increased by 37% to £58.7 billion.
This increase was driven largely by the increased performance fee income of £73.6 million versus £7.9 million last year.
Statutory pre-tax profit fell 12% to £132.6 million year-on-year, on costs related to the acquisition of Merian. Net outflows totaled £4 billion amid 'depressed levels of retail investment sentiment,' the company said.
The company proposed an ordinary dividend held at 17.1 pence per share and a special dividend of 3.0 pence per share proposed, taking the total dividend for the year to 20.1 pence per share.