Mercia’s FY20 results reflect continued progress, delivering on management’s three-year strategy. AUM climbed 58% to £0.8bn, while FUM rose 73% to £658m. Following the acquisition of the NVM VCT fund management business, the company is operationally profitable on a monthly basis, with annual revenues exceeding operating costs for the first time in FY20. Net assets rose 12% to £141.5m, with the direct investment portfolio stalled at £87.5m reflecting the imp
20 Jul 2020
Mercia Asset Management - Scaling, sustainable and evergreen by FY22
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Mercia Asset Management - Scaling, sustainable and evergreen by FY22
Mercia Asset Management PLC (MERC:LON) | 35.0 -0.2 (-1.7%) | Mkt Cap: 152.0m
- Published:
20 Jul 2020 -
Author:
Richard Williamson -
Pages:
11
Mercia’s FY20 results reflect continued progress, delivering on management’s three-year strategy. AUM climbed 58% to £0.8bn, while FUM rose 73% to £658m. Following the acquisition of the NVM VCT fund management business, the company is operationally profitable on a monthly basis, with annual revenues exceeding operating costs for the first time in FY20. Net assets rose 12% to £141.5m, with the direct investment portfolio stalled at £87.5m reflecting the imp