Intermediate Capital : ICG posts 11% first-half asset jump on inflows of new money

London-listed alternative asset manager Intermediate Capital Group on Tuesday posted an 11% increase in first-half assets under management, boosted by inflows of new money.

ICG said it raised 4.6 billion euros ($5.10 billion) in new money across 14 strategies in the six months to the end of September, taking total assets to 41.1 billion euros and underpinning a 24% increase in group pretax profit to 153.4 million pounds ($198.90 million).

(Reporting by Simon Jessop, Editing by Lawrence White)