Revenue amounted to HK$157.4 million, representing a 20.1 per cent decrease from the previous corresponding period in 2011, or a basic loss per share of HK$0.38 cents. The board did not recommend the payment of an interim dividend for this time.

Earnings from securities and futures was adjusted 23.9 per cent to HK$95 million from HK$124.9 million in the same period last year owing to market volatility. The bearish market also led to a decline in investor appetite for secondary deals.

Revenue from management fees of asset management also dropped from HK$5.1 million in 2011 to HK$3.6 million, with total assets under management tumbling from $67.6 million to $57.2 million. Quam Limited is optimistic, however, that the launch of a new fund of funds in September will raise another $10 million by the end of 2012. 

"Asia market remains the safe haven with influx on capital. The strong demand of wealth protection with diversified investment portfolio provides a golden opportunity for us. We are considering closer integration between wealth management and asset management divisions by way of short term money management and medium term capital preservation strategies to generate absolute return for our clients," said Bernard Pouliot, chairman of Quam. 

Quam Limited is composed of seven core businesses: Quam Securities, Quam Capital, Quam Asset Management, Quam Private Wealth, Quam Private Equity, Quamnet.com and Quam Investor Relations.