15th Jul 2021 17:14
(Alliance News) - Specialist alternative asset manager Gresham House PLC on Thursday announced its assets under management grew over the first half of 2021, performing in line with market expectations.
As at June 30, assets under management rose to GBP4.7 billion from GBP4.0 billion at the end of December 2020
The group delivered a strong first half performance in line with market expectations and continues to make good progress towards delivery of its GH25 commitments, which includes the achievement of over GBP6 billion in assets under management, gaining market share in specialist products and build an international presence.
In addition, demand for the Group's Environmental, Social and Governance focused strategies has continued to gain momentum.
Gresham also reported organic growth of GBP457 million, representing an increase of 12%.
"We have delivered strong progress in the first half, with growth in AUM from both organic initiatives and acquisition activity. The depth and breadth of our investor base continues to increase, driven by appetite for our ESG-focused investment strategies and strong investment performance, and we are well on track to achieve our GH25 objectives. We continue to invest in building our specialist teams with a focus on scalable or differentiated products and see good momentum across the business as we enter the second half," said Chief Executive Tony Dalwood.
Shares in Gresham House closed down 0.1% at 924.00 pence each in London on Thursday.
By Amrit Sahota; [email protected]
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