Assets under management including acquisitions are now $3.25 billion, up 165 per cent since 30 June 2006, and 110 per cent since 1 January 2007 at UK-based Absolute Capital Management. Management and performance fees were up year-on-year by 139 per cent and 148 per cent, respectively in the first six months at the fund management company focused on delivering investment returns through the management of absolute return equity and debt funds. Revenue at the AIM-listed company was up 149 per cent to €61.7 million in the first half (2006: €24.8 million), delivering an operating profit margin of 58 per cent. In the period, Absolute integrated Argo Capital Management, acquired in January 2007 and created a new division, Absolute Capital Management Property Limited to develop a long/short equity presence in the global real estate market, through managing the AIM-listed North Real Estate Opportunities Fund.