(Bloomberg) -- Schroders Plc, the largest London- based publicly traded fund manager, said first-quarter pretax profit increased 30 percent as it concentrated on attracting mutual fund clients, who pay higher fees.
Pretax profit rose to 93.2 million pounds ($186.4 million) from 71.4 million pounds in the year-earlier period, Schroders said in a statement today. Funds under management rose 3 percent to 132.3 billion pounds at the end of March, from 128.5 billion pounds three months before, the 204-year-old company said.
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