Gresham House's AUM continues to grow amid pandemic
Asset manager Gresham House said on Friday that assets under management had continued to grow year-to-date, helping the group trade in line with expectations.
Gresham said proforma assets under management were up 13% in the four months ended 30 April to £3.2bn despite the difficult market conditions created by the Covid-19 pandemic.
The AIM-listed group said real assets had grown 15% since 31 December through the combination of a £131m fundraising and its acquisition of TradeRisks, while Gresham's strategic equity division saw net positive AUM growth of 7%.
Chairman Anthony Townsend said: "Despite equity markets expected to remain volatile, Gresham House continues to execute on its strategy to build on its existing alternative asset management platform.
"We are encouraged to see our AUM continue to grow both organically and through acquisition, highlighting the resilience of real assets and the potential for growth in strategic equity."
As of 1020 BST, Gresham House shares were up 2.13% at 600p.