Pre-tax profits were up by two-thirds at Jupiter Fund Management in 2011, despite a tough second half, allowing the UK asset manager to boost dividends in its second year as a publicly-traded company.

Pre-tax profits rose from £42.4m in 2010 to £70.3m last year, according to the company's annual results released today. Jupiter's earnings per share, meanwhile, rose from 17.6p to 19.1p, allowing it to hike its payout to shareholders by 13%.