VIENNA (dpa-AFX) - Intermediate Capital Group plc (ICP.L), the specialist investment firm and asset manager, released a pre-close trading update for the period to 27 September 2012. Assets under management have increased to 12 billion euros primarily due to additional investor commitments to ICG Europe Fund V. Intermediate Capital said funds' investment portfolios continue to show resilience and funds have maintained strong track record.
Intermediate Capital said the performance of the investment portfolio remains solid and continues to expect provisions for the full year to be broadly in line with market expectations. Provisions for the first half are expected to be higher than in the second half.
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