Record year for Milford Funds as performance fees rocket
Revenue roars ahead by 72%, delivering record profit for the fund manager.
Milford chief executive Mark Ryland.
A bumper year for performance fees has generated record revenue and profit for fund manager Milford Funds.
For the year to March Milford reported revenue of $271.3 million, up 72% from $157.6m a year earlier.
Management fee revenue was up 19% to $185.7m but the main contributor to the juiced numbers
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