The company also said it had achieved ‘significant momentum’ with £463m of net inflows accounting for much of the rise in AUM.
This was not enough to stop adjusted profits slipping to £3m from £5.3m however. Unadjusted profit before tax was up to £2.1 from a £5.5m loss, largely due to the one-off loss in 2014 related to the sale of Miton Capital Partners.
Adjusted earnings per share for 2015 were down to 1.43p from 2.78p, while the proposed dividend has been raised to 0.67p per share from 0.6p.
Chairman Ian Dighé said: “I am delighted to report that the business made significant progress during 2015 growing assets under management by 35.8% to £2,784m. This reflected strong momentum in the second half as we saw a marked acceleration in gross sales coupled with a significant decline in redemptions.”
“This momentum has continued into 2016 despite markets being particularly unsettled,” he added. “We believe many of our strategies continue to be well positioned to generate attractive returns for investors and endeavour to take advantage of changing market trends.”
