Gresham House grows AUM 17% despite negative performance

Only forestry business reported positive performance

Over the six months to 30 June 2020, Gresham House saw its assets under management (AUM) grow by £467m (17%), of which £283m was organic growth, to a total AUM of £3.3bn, a figure “at least in line with market expectations”.

The firm's real assets business contributed the majority of the growth, adding £360m through net flows, performance and funds acquired, with the infrastructure and housing business growing 128.5%, although only forestry saw positive performance across the firm, adding £72m. Gresham House appoints director of sustainable investment Strategic equity added a net £108m, hampered by poor performance in both public and private equity, with the latter reporting negative growth of 17% due to both performance and the termination of the LMS Capital contract. The company has shifted to "busin...