Jersey-based active fund management group TEAM has announced its interim results for the six months ended 31 March 2021.
Mark Clubb, Executive Chairman of TEAM, commented: "We are at the start of developing a new business and we have made a good start.
"In January 2020, we acquired Theta, with AUM of £140m. Since then, we have grown that business under the TEAM brand to £286m of AUM; listed on AIM, raising £7.5m; and established a scalable platform that retains in-house investment management expertise while using third-party administrative support.
"We have a pipeline of opportunities and are looking forward to an active period ahead."
Key points
• Revenue – £0.6 million
• Loss before tax – £0.9 million
• Loss per share – 17 pence; adjusted loss per share – 7 pence
• Senior hires to investment management team, in addition to three non-executive directors
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