9th Jan 2025 10:51
Foresight Group Holdings Ltd - London-based sustainability-focused infrastructure and private equity investment manager - Assets under management fall 1.6% to GBP12.2 billion as at December 31, from GBP12.4 billion at September 30. Funds under management decrease 2.3% to GBP8.5 billion from GBP8.7 billion. Executive Chair Bernard Fairman says: "During the quarter, our well-established retail sales team remained on track for a record year of fundraising in our tax efficient retail strategies, with over GBP400 million raised year to date. Institutional fundraising included our Private Equity division's launch of its 14th active regional fund in the South West of England, with good progress made towards achieving further closes in Q4 across our Infrastructure and Private Equity divisions.
This quarter's fundraising keeps us on track to deliver our guidance to double our core profitability metric over the five years to FY29."
The company will release a full year trading update in April.
Current stock price: 368.00 pence each, down 0.8% on Thursday morning in London
12-month change: down 12%
By Tom Budszus, Alliance News slot editor
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