Gresham House has reported a 20% rise in assets under management (AUM) in its pre-close trading update for 2022, compared with a year ago.
Details in the update were scant but, for the 12 months to 31 December, the firm expects AUM to be £7.8bn, a £1.3bn increase from the end of 2021. This represents a £300m rise in Q4 alone.
Across 2021, Gresham House’s assets grew 65%.
Adjusted operating profit is also expected to grow to £26.5m in 2022 from £20.2m at the end of the previous year.
Tony Dalwood (pictured), Gresham House CEO, said: “2022 has brought another year of robust performance by the group, with strong fund inflows across our asset classes.
“In spite of highly challenging macroeconomic conditions, we have continued to make good strides against our long-term goals which is testament to the expertise and capabilities of the Gresham House team.”
In the alternative asset manager’s previous trading update in November, Dalwood described the firm’s performance as ‘pleasing’ given 2022’s volatile economic environment.