Assets under management at Gresham House jumped by £2.5bn year-on-year in 2021, according to its pre-close trading update, leading to the manager revising its 2025 AUM target upwards by a third.
AUM for the year to 31 December 2021 increased by 65% to £6.5bn and as a result the firm is now targeting £8bn by 2025. Gresham House Strategic saga comes to an end as shareholders vote for wind-down Excluding performance fees, profits are expected to total £19.8m for the year, an increase of £7.7m from 2020, while its cash position stands at £39.1m. Performance fees earned in the year totalled £1.7m and it had an undrawn revolving credit facility of £20m at 31 December. In a statement, the firm said it was well positioned to generate further momentum over the course of 2022 and...
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