Economic net income (loss) (EN) also increased by 14% to $509.9m for the current quarter from an EN (loss) of $592.1m during the comparable periods earlier year ago.

For the three months ended on 30 September, its assets under management (AUM) summed to $66.3bn, up by 13% from $58.7bn during the corresponding period a year ago.

Fee related earnings (FRE) also decreased by 7.63% to $90.7m, compared with $98.2m during the comparable periods of 2011.

Total distributable earnings stood at $332.9m, with an increase of 79.55%, from $185.4m, during the same period, last year.

Established in 1976, the asset manager offers investment funds and accounts covering multiple asset classes.