SHARES in sustainable investment manager
Foresight also said its assets under management rose 13 per cent to £8.1bn in the six months to 30 September, up from £7.2bn in March.
Group revenue was in line with expectations at £39.7m, up 22 per cent from £32.4m a year earlier, of which Foresight said 89.5 per cent was "high quality recurring revenue", and largely attributed to an increase in management fees.
It comes after Foresight branched out with an IPO of its
"I was surprised it didn't get nearer to £200m, if I'm being honest with you," said chairman
"But as the market grows more comfortable over the next couple of years, I could see it hitting £1bn."
(c) 2021 City A.M., source