Tatton Asset Management, a UK-based discretionary fund manager, is pushing ahead with its dividend payout proposal after posting a rise in its assets under management (AuM) and profit.
For the year ended 31 March 2020, the firm’s adjusted operating profits and revenue both increased despite the Covid-19 pandemic.
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The firm did not release the precise figures.
AuM rose to £6.65bn at the end of March 2020, compared to £6.07bn in the previous year.
The firm said that AUM peaked on 21 February 2020 reaching £7.76bn.
However, the AuM was hit by negative market performance of 14.3% towards the end of the year due to the turbulence caused by the global health crisis.
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By GlobalDataThe firm stressed that it has a strong balance sheet and £12.8m of net cash.
It also said that the full impact of the pandemic on the firm’s finances remains uncertain.
Tatton founder and CEO Paul Hogarth said: “Against a very complex backdrop, we are pleased to report further positive progress for the Group. Despite the challenges of this trading period, we have continued to perform strongly, and delivered on the commitments we set out at our IPO in July 2017.
“The sustained growth of Tatton’s AUM has been supported by consistent investment performance and strong net inflows, which have been the pillars of our success.”
