Titanium manager fees on track

Aim-listed fund manager Titanium Asset Management yesterday posted an increase in assets under management and uptick in fund manager fees.
Average assets under management were $8.58bn (£5.67bn) for the second quarter of this year, up 1.8 per cent from the same period last year. Titanium chief executive Robert Brooks said: “The improvement largely reflects higher investment management fees and the ongoing benefits of the significant reductions to our cost structure that were implemented over the last two years.”