Profits at the UK arm of Rogge Global Partners, the fixed income specialist manager whose founder stepped down as chief executive to become executive chairman at the start of this year, slipped 3% to £9.1 million in 2013.

Accounts filed at Companies House for last year show that profits after tax at Rogge Global Partners Plc fell from £9.5 million in 2012 to £9.1 million last year, as revenues dipped from £47.3 million to £46.9 million and costs climbed from £35.9 million to £37 million.