- Gresham House declared a maiden dividend Thursday as operating losses narrowed after net assets more than trebled amid organic and acquisitive growth.

For the year ended 31 December, operating losses fell to £875nm from £2.42bn a year earlier as assets under management rose to £2.3bn from £649m a year earlier.

The company proposed a maiden dividend of 3.0p proposed

'We have continued to maintain momentum and make excellent progress in shareholder value creation whilst investing in the platform ahead of future growth, adding scale to the business and identifying synergies,' the company said.

'The opportunities in the alternatives sector offer high-quality long-term investment returns for clients, and Gresham House has quality fund management teams and award winning individuals to execute within those specialist markets. The 2019/2020 pipeline for further organic AUM growth is exciting.'

At 10:16am: [LON:GHE] Gresham House Plc share price was +9p at 455p

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