15 Feb 2021
City of London Investment Group (CLIG LN) - Organic & acquisitive growth
What’s new: Interims confirm strong organic growth, with substantial contribution from the Karpus Investment Management (“KIM”) acquisition from 1 October.
Group consolidated FuM of US$10.9bn (£8.0bn) on 31/12/2020, included record FuM for City of London Investment Management (“CLIM”) of US$7.2bn (Dec 2019: US$ 6.0bn) and KIM of US$3.7bn (acquired 1 October 2020);
At end January 2021 consolidated FuM was US$11.1bn (£8.1bn);
Net fee income rose 38% to £22.6m, with £5.1m contribution fro ....
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City of London Investment Group (CLIG LN) - Organic & acquisitive growth
City of London Investment Group PLC (CLIG:LON) | 318 -19.1 (-1.9%) | Mkt Cap: 160.9m
- Published:
15 Feb 2021 -
Author:
Robin Savage -
Pages:
10
What’s new: Interims confirm strong organic growth, with substantial contribution from the Karpus Investment Management (“KIM”) acquisition from 1 October.
Group consolidated FuM of US$10.9bn (£8.0bn) on 31/12/2020, included record FuM for City of London Investment Management (“CLIM”) of US$7.2bn (Dec 2019: US$ 6.0bn) and KIM of US$3.7bn (acquired 1 October 2020);
At end January 2021 consolidated FuM was US$11.1bn (£8.1bn);
Net fee income rose 38% to £22.6m, with £5.1m contribution fro ....