Gresham House sets eyes on long-term ambitions as profits climb

AUM up by 5% to £8.3bn

Gresham House has seen its adjusted operating profit up tick up 8% to £14.2m during the first half of 2023, as the firm laid out its plans for its long-term future.

In its half-year results to the end of June, the alternative asset manager said assets under management had grown 5% to £8.3bn through organic inflows, while net core income jumped 12% from H1 2022 to £41.6m and adjusted operating margin stayed steady at 34%. The firm said it was seeing "continued AUM growth" into the second half of 2023, alongside "strong" long-term absolute and relative investment performance for clients. Gresham House appoints head of housing investments Gresham House said it had identified a "pipeline of potential investors" for funds targeting closes in the se...