London asset manager continues “positive momentum” with 17% growth
A London-based alternative asset manager has seen trading stay in line with market expectations despite the disruption of COVID-19.
In a trading statement for the first half of the year, Gresham House has seen its Assets Under Management (AUM) rise to £3.3bn, up by 17 per cent compared with H2 2019.
The firm, which has not had to furlough any of its staff throughout lockdown, has maintained a ‘strong’ balance sheet position, with cash of £22m and no debt.
Tony Dalwood, Gresham House chief executive officer, commented: “We are pleased with the performance in the first half of the year against an unprecedented backdrop and expect to remain at least in line with market expectations on the current trajectory for 2020.
“Despite market uncertainty, we look ahead with confidence, grounded in the demonstrable resilience of our investment strategies and the fundamental strength of our platform as we plan for further growth from existing and new Gresham House funds.
“The performance of Gresham House in the first half of the year has been testament to the resilience and quality of the team, working in challenging conditions, and we look forward to building on this in the second half of 2020 and beyond.”
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