City of London published its interim results yesterday morning, covering 1HFY2018. The headline figures were given in January’s trading statement. As of 31 January 2018, FUM had risen to $5.8bn, although we note that the market weakness since then has probably pushed this back to closer to $5.5bn. Cash balances have risen to £15.6m, a 49% increase over the same figure a year ago. A new Deputy CEO has been appointed, with the existing COO Tom Griffith now working alongside Barry Olliff as the latter moves towards retirement at the end of 2019.
If you'd like to be introduced to the team at City of London Investment Group, get in touch.Request a meeting