9 November 2022
Gresham House plc
(“Gresham House”, the “Company” or the “Group”)
Trading Update and Capital Markets Day
Gresham House, the specialist alternative asset manager, is pleased to announce a trading update for the nine-month period to 30 September 2022, ahead of its Capital Markets Day at 2pm GMT today.
The Group has seen further strong progress in the delivery of its GH25 strategy during this period. Assets Under Management (AUM) rose by 15% (£1.0bn) in the nine-month period to reach £7.5bn, whilst full year adjusted operating profit is expected to remain in line with market expectations1 for the 12 months to 31 December 2022.
Gresham House will be hosting its second annual Capital Markets Day event for investors and clients at 2pm GMT today Wednesday 9 November. The focus will be on:
1. Gresham House’s identified pathway to further profitable growth
2. How will Gresham House’s investment strategies perform in an inflationary and higher interest rate environment?
The event will be live-streamed from Gresham House’s London office, and will provide an overview of opportunities for growth in the current inflationary and higher interest rate environment, as well as insights into the resilience, scalability and long-term outlook for the business.
It will be hosted by CEO, Tony Dalwood, CFO, Kevin Acton and Managing Director, Rupert Robinson, and will feature presentations by members of the Gresham House team from across the Group’s various asset classes.
Tony Dalwood, Chief Executive Officer, said:
“The structural growth in alternative asset management remains a positive long-term dynamic for our Group and it is also pleasing we are still seeing growth in AUM in the current environment”.
1 Market expectations defined as adjusted operating profit for the year to 31 December 2022 in the range of 25.3 million to 26.5 million in broker reports that follow Gresham House plc as at 8 November 2022
Ends