Australian forestry mandate boosts Gresham House AUM

The group's assets under management increased to more than £6bn

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Gresham House AUM sees boost from forestry mandate
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Gresham House AUM sees boost from forestry mandate

Gresham House has seen a 50% increase in its assets under management since the end of last year, fuelled by the completion of an international forestry transaction.

According to a trading update, its AUM currently stands at more than £6bn, with the company expecting it to increase by over £600m in 2021.  The firm's adjusted operating profit is expected to be at least £18.5m for the year, with margins in excess of 32%, excluding performance fees. Tony Dalwood, CEO of Gresham House, said: "It is extremely pleasing to see the strength of Gresham House's asset classes and ESG-focused investments continuing to deliver excellent investment performance and contributing to clear progress towards our GH25 ambitions. "Generating strong performance for o...

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