- Gresham House Strategic outperformed its benchmark led by gains in Augean, Tax Systems, IMImobile and Northbridge, all of which bolstered underlying portfolio performance.

Its UK small-cap funds delivered net asset value total return performance of 8.0% to 1,253.9p a share, beating the FTSE Small Cap Index total return of -3.1% in the year from 1 April 2018 to 31 March 2019. The company realised profits of £18.8m from investments in the period; including IMImobile (£13.8m), Miton group (£1.7m), and Tax Systems (£2.0m).

'A number of value recovery plans underway or being prepared for underperforming investments - the potential benefits of the team's value-recovery efforts can be seen at BeHeard in their latest results,' the company said.

At 10:07am: [LON:GHS] Gresham House Strategic Plc share price was +12.5p at 1000p

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