Cavendish Capital, the parent company of Irish hedge fund Abbey Capital, saw its profits drop by around €55 million last year.
The company had profits of €7.9 million at the end of June 2016, the accounts note, down from €62.6 million in 2015.
The company saw its revenues drop from €83.1 million to €29.4 million, and its operating profit fell from €60 million to €7.9 million, the accounts show.
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