UK fund manager Aberdeen Asset Management today said pre-tax profits quadrupled to £36.8m (€53m) in the six months to March 31 as a result of buying Deutsche Asset Management last year, better stock market returns and new inflows of £3.6bn.

Aberdeen said it had retained a higher-than-expected number of DeAM's clients, holding on to about 54% of the value of the assets from former Deutsche equity and multi-asset businesses, above its original forecast of 30%.