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Devon and Generate join other managers in having a better year

Thursday 1st of August 2024
Devon, which had a particularly bad year in its 2023 financial year, lifted net profit 14.3% to nearly $3.4 million in the year ended March 31, largely because of a hefty rise in performance fees and despite significant lifts in directors' fees and employee costs.
Its management fees were up 6.5% to $7.9 million in the latest year and its performance fees jumped to $1.8 million from...
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