Close Brothers is back on the look-out for acquisitions after unprecedented gains from private equity, property and performance fees more than doubled asset management full-year profits and pushed group profits up more than a fifth.

The UK financial services group, which today posted its full-year results to the end of July, made two small fund-related acquisitions for undisclosed sums during the period and also acquired a 49.9% stake in market-maker Mako Global Derivatives after its financial year-end for an unknown fee.