By Rob Curran
Hamilton Lane said fiscal second-quarter earnings rose as an increase in assets under management generated higher advisory fees.
The Conshohocken, Pa., alternative-asset manager posted earnings of $42 million, or $1.11 a share, for the period ended in September, up from $34.9 million, or 97 cents a share, a year earlier.
Assets under management rose 11% to $119.2 billion for the period. Second-quarter management and advisory fees rose 18% to $109.2 million.
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