UBS GAM Reports $2.1B Q1 Profit

UBS Global Asset Managementhas posted results for the first quarter that ended on March 31, 2011. The firm’s net profit attributable to UBS shareholders increased to $2.06 billion in the first quarter of 2011, as compared to $1.94 billion in the fourth quarter of 2010.

The group’s revenues increased to $9.51 billion in the first quarter of 2011, as compared to $8.13 billion in the prior quarter. The asset manager reported $644 billion in assets under management and net equity inflows of $4.24 billion in the first quarter, addsPensions & Investments.

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