Gresham House sees marked improvement in assets under management
By Iain Gilbert
Date: Monday 27 Jan 2020
(Sharecast News) - Alternative asset manager Gresham House reported strong full-year organic growth in assets under management on Monday - up over 20% to at least £2.75bn for the year.
Gresham House said trading in the second half of the financial year had continued in line with expectations despite a volatile wider market background.
The AIM-listed firm said organic growth in sustainable funds and investment performance within its equity funds products had been "pleasing", with the firm's financial performance said to be in line with market expectations.
Gresham also highlighted that the year had seen the successful integration of FIM and Livingbridge, acquired back in 2018, with both now performing in line with plans since completion.
Chief executive Tony Dalwood said: "We have continued to deliver against our strategic priorities; growing organically, integrating acquisitions, and using our balance sheet effectively to develop the business and align with the interests of our clients.
"Gresham House is well-positioned to benefit from the increasing focus on impact and sustainable investments and, alongside the strong performance of many of our products, we are excited for 2020 and beyond."
As of 1125 GMT, Gresham House shares were down 0.22% at 648.55p.
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