The Canadian Press

Higher performance fees boosted Integrated Asset Management Corp.’s (TSX:IAM) first-quarter revenues and helped triple its earnings, the money manager said Tuesday.

The Toronto-based company booked net income of $1.6 million or 6¢ a share in the period ended Dec. 31. That was triple last year’s profit of $436,000 or 2¢ a share.

Its total revenues rose more than double to $8.2 million from $4 million.

IAM is an alternative asset management company with $2 billion in assets and committed capital under management in real estate, private corporate debt, private equity, managed futures and retail alternative investments.

Shares of the company last traded on Feb. 5 at 52¢ on the Toronto Stock Exchange.