Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGHE.L Share News (GHE)

  • There is currently no data for GHE

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Gresham House 2019 Buoyed By Organic Growth Despite Volatile Markets

Mon, 27th Jan 2020 10:10

(Alliance News) - Asset manager Gresham House PLC said Monday its second half trading was in line with internal expectations.

Gresham House said it ended 2019 with at least GBP2.75 billion in assets under management. At June 30, Gresham House's assets under management stood at GBP2.45 billion. Assets under management at the end of 2018 were GBP2.27 billion.

"Despite a volatile wider market background, organic growth in sustainable funds and investment performance within our equity funds products has been pleasing, with AuM increasing by over 20%," Gresham House said.

The asset manager also noted it financial performance was in line with market expectations.

Gresham added: "The year has seen the successful integration of the FIM and Livingbridge acquisitions of 2018. Both are performing in line with our plans since the completion of the integration, consistent with our strategy of making selected acquisitions which subsequently contribute to ongoing organic growth."

Chief Executive Tony Dalwood said: "We have continued to deliver against our strategic priorities; growing organically, integrating acquisitions, and using our balance sheet effectively to develop the business and align with the interests of our clients."

Dalwood believes the company is well positioned to benefit from its sustainable investments, giving him confidence for 2020.

Gresham House is expected to publish its 2019 full year results on March 5.

Shares in Gresham House were 0.2% lower in London on Monday morning at 648.55 pence each.

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
27 Jan 2020 14:35

Canaccord stays at 'buy' on Gresham House, highlights uncorrelated asset exposure

(Sharecast News) - Analysts at Canaccord Genuity reiterated their 'buy' recommendation and target price of 801.0p for shares of Gresham House following the alternative asset manager's pre-close trading update.

Read more
27 Jan 2020 11:25

Gresham House sees marked improvement in assets under management

(Sharecast News) - Alternative asset manager Gresham House reported strong full-year organic growth in assets under management on Monday - up over 20% to at least £2.75bn for the year.

Read more
2 Jan 2020 15:55

Gresham House sells first material battery storage development

(Sharecast News) - Alternative asset manager Gresham House has sold its first material battery storage development project to Gresham House Energy Storage Fund (GRID), it announced on Thursday.

Read more
2 Jan 2020 12:02

Gresham House Sells Red Scar Battery-Only Project For GBP32.8 Million

Gresham House Sells Red Scar Battery-Only Project For GBP32.8 Million

Read more
18 Dec 2019 14:08

DIRECTOR DEALINGS: Gresham House Says Director Davis Bought Shares

DIRECTOR DEALINGS: Gresham House Says Director Davis Bought Shares

Read more
28 Nov 2019 17:44

LMS Capital Directors Resign After Manager Pick Rejected In Vote

LMS Capital Directors Resign After Manager Pick Rejected In Vote

Read more
26 Nov 2019 13:09

Gresham House Strategic Interim Assets Slip But Beats Benchmark

Gresham House Strategic Interim Assets Slip But Beats Benchmark

Read more
3 Oct 2019 13:24

Gresham House Hires Former Imperial Brands Boss Gareth Davis To Board

Gresham House Hires Former Imperial Brands Boss Gareth Davis To Board

Read more
3 Jul 2019 12:03

Gresham House Raises Over GBP800,000 After Warrants Exercise

(Alliance News) - Asset manager Gresham House PLC on Wednesday said it has raised GBP808,828 following exercise of shareholder warrants.The investment company said it issued 250,202 shares

Read more
25 Jun 2019 18:30

Liontrust Investment Now Holds 7.5% Interest In Gresham House

(Alliance News) - Gresham House PLC said Tuesday Liontrust Investment Partnership LLP now holds a 7.5% stake in the company.Liontrust's holding prior to the transaction Monday was not a

Read more
24 May 2019 14:27

Standard Life Aberdeen Now Holds 5.2% Stake In Gresham House (ALLISS)

LONDON (Alliance News) - Gresham House PLC on Friday said that Standard Life Aberdeen PLC now holds a 5.15% stake in the company.Standard Life's holding in the company, prior to deal,

Read more
4 Apr 2019 12:00

Gresham House Strategic Significantly Outperforms FTSE Small Cap

LONDON (Alliance News) - Gresham House Strategic PLC, an independent investment company managed by Gresham House PLC, said Thursday it was "one of the top-performing UK small-cap funds"

Read more
7 Mar 2019 12:50

Gresham House AuM surge, maiden dividend declared

(Sharecast News) - Asset manager Gresham House posted a surge in full-year assets under management on Thursday as it declared a maiden dividend.

Read more
7 Mar 2019 10:48

Gresham House Confident As "Transformative" Deals Drive Annual Growth

LONDON (Alliance News) - Asset manager Gresham House PLC on Thursday proposed a maiden dividend while also reporting a more than tripling of assets under management.Gresham is returning 3.0

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.