View more on these topics

Gresham House AUM rises 50% in 2016

UK-Currency-Money-Coin-Pounds-GBP-700x450.jpg

Assets under management at boutique asset manager Gresham House have risen 50 per cent in 2016, the company’s annual results show.

The company, which transitioned from an underperforming investment trust to a specialist asset manager two years ago, had £363m AUM at 31 December compared to £242m in 2015.

The company’s revenues have also more than doubled to £4.3m from £1.4m in 2015.

The largest strategy for the asset manager is Gresham House Forestry, which has seen AUM grow by 20 per cent to £247m over the last year.

The asset manager also operates two listed investment companies: private equity strategy  LMS Capital, which has a current market cap of £40.4m, and £30.4m Gresham House Strategic, which invests in UK smaller companies with “private equity style techniques” for portfolio construction.

Chief executive Tony Dalwood says the firm’s aim is to produce sustainable and increasing profits through growth in AUM.

 “The positive recent developments accelerate our path to profitability in the nearer term and hence long-term value creation for shareholders. We continue to work on a number of organic and acquisition initiatives, including the recently announced Gresham House British Strategic Investment Fund with local government pension schemes and other long term investors.”

“In 2015 we established the foundations of a specialist asset manager and 2016 has seen us build Gresham House into a credible specialist player whilst developing the brand. This has been enhanced by progress in early 2017, which has generated additional momentum that will drive further growth in the coming year.”

Recommended

UK-Currency-Money-Notes-20-GBP-700x450.jpg
41

Adviser ordered to pay redress after changing benchmark

A Hertfordshire-based advice firm has been ordered to pay a couple £10,000 compensation after changing the performance benchmark of their savings. According to a Sunday Times report, a Financial Ombudsman Service investigation resulted in Wagstaffs Wealth Management paying compensation to couple David and Josephine Kelsall, who had saved more than £1m over 50 years. The […]

UK housebuilders remain a value trap – despite post-Brexit falls

Despite the sharp drop in housebuilders following the Brexit result, valuations in the highly illiquid market are still at elevated levels. And whilst some investors may take comfort from superficially low price/earnings multiples, are earnings sustainable over the long term, asks Holly Cassell, Assistant Manager of the Neptune UK Mid Cap Fund. Click here to […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Leave a comment