Alpha Growth PLC - London-based financial advisory specialising in 'longevity assets' such as life insurance - Says it has made "substantial progress" throughout 2022 towards achieving its 2025 goal of USD2 billion in assets under management. Says it has a "strong" pipeline of future acquisitions and expects organic growth. Says the Alpha Alternative Assets Fund is focussing on longevity assets to ensure uncorrelated and low volatility asset class. Says the BlackOak Alpha Growth Fund has produced returns of over 27% in the period up until end December 2022 from September 2019, compared with the FTSE 100, which has only increased by circa 2% over the same period.
"We start 2023 with a robust list of exciting opportunities which will allow us to continue to rapidly scale the organization both organically and through further acquisitions, none of these opportunities are expected to require a raise. Throughout 2023, we will also look to bolster our team of experts to support our 2B plan and ensure we continue to grow AUM and revenue significantly," Executive Chair Gobind Sahney comments.
Current stock price: 2.97 pence
12-month change: up 56%
By Abby Amoakuh, Alliance News reporter
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Alpha Growth (ALGW)