UK - The asset value of Majedie Asset Management, the specialist UK equity investment boutique, has climbed to £750m since its inception just 18 months ago.
The business, which was launched in January 2003, is aiming for assets under management of £1bn after five years.
Commenting on the company’s growth, Majedie’s managing director, James de Uphaugh (pictured) said:
“This is obviously a very pleasing milestone for us to have reached so quickly.
“To have attracted this level of assets under management so quickly is a significant achievement for Majedie and is testimony to the overwhelming support that we have received from industry consultants and their clients, who have strongly endorsed our specialist active management approach.
“We are more resolute than ever to maintain our objectives as a true ‘boutique’ fund manager by continuing to achieve high returns for a limited number of clients, through our focus on long-only UK equities.”
Following several mandate wins over the past few months, Majedie now boasts 18 institutional clients.
The business has two specialist institutional products, the UK equity service which targets FTSE all-share index +3% and the UK focus portfolio, representing more targeted stock selection aiming to maximise long-term results.
The UK opportunities fund, offered to retail investors, has returned 75% since inception in June 2003, 46% ahead of the FTSE all-share index.
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