SWITZERLAND – Partners Group announces strong financial results
Zug-based Partners Group, which recently achieved an IPO on the SWX Swiss Exchange, has released strong financial results for the first half of 2006.
Partners Group has seen its assets under management grow by CHF 2.9bn during this half year, rising to CHF 13.8bn. This was due to increases in assets under management in private equity, hedge funds, private debt and wealth management. This has resulted in net revenues almost doubling to CHF 103m, compared to CHF 49m in the first half of 2005. Due to costs rising by almost 20%, the group’s EBITDA has seen a 37% increase to CHF 79m.
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