Gluskin Sheff profit more than doubles on fees and assets

Thu Feb 6, 2014 4:58pm EST
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TORONTO Feb 6 (Reuters) - Canadian asset manager Gluskin Sheff said on Thursday its quarterly profit more than doubled on higher fees and assets under management.

Gluskin Sheff, which focuses on high net worth and institutional clients, said net income was C$60.4 million ($54.60 million), or C$2.05 a share, for the second quarter ended Dec. 31, up from C$24.7 million, or 85 Canadian cents a share, a year earlier. ($1 = 1.11 Canadian dollars) (Reporting by Andrea Hopkins, additional reporting by Cameron French; Editing by Bernard Orr)