- Financial services company Alpha Growth said assets under management increased in Q1 as fund inflows climbed by nearly a quarter.

Fund assets under management increased by over 100%, with $5 million of additional inflows into the fund representing an increase of 24% during Q1, the company said.

Since inception 19 months ago, the Black Oak Alpha Growth Fund has achieved a net return of 15.65% and at the close of Q1 2021 AUM stood at $25.5 million.

Looking ahead, the company aims to 'substantively' increase the marketing of its Black Oak Alpha Growth Fund, and focus on securing a revolving credit facility.

'With a solid strategy in place, the Company is confident of strong growth prospects going into Q2 and continuing throughout the remainder of 2021,' it added.

At 8:39am: [LON:ALGW] Alpha Growth Plc Ord Gbp0.001 share price was 0p at 1.4p

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