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Aberdeen Standard and alternatives boutique join forces

Aberdeen Standard Investments has bought into Gresham House as part of a joint venture with the business’s smaller companies investment team

Aberdeen Standard and alternatives boutique join forces

Aberdeen Standard Investments has bought into Gresham House as part of a joint venture with the real assets boutique's small cap team.

ASI will take a 5% shareholding in Gresham as part of the deal, which will see the fund giant leverage its distribution and product development capabilities to promote Gresham’s strategic public equity team.

Gresham said the team was selected for the joint venture on the basis of a 20 year successful track record in UK small cap investments, which have lost attention due to the impact of Mifid II regulation.

According to the firm, its flagship Gresham House Strategic investment trust returned 8.9% in 2018, representing 22.7% and 18.4% outperformance versus the Small Cap Total Return and All Share Total Return indices respectively.

Gresham chief executive Tony Dalwood (pictured) said: ‘Like us, Aberdeen Standard Investments understands the importance of small cap stocks and of specialist alternative investment strategies.

‘This joint venture offers Gresham House access to a powerful distribution network and an industry-leading product development capability.

‘The Strategic Public Equity investment approach is something I have been involved with since 2003 and we are thrilled to have ASI as a new shareholder in the process.’

Earlier this month, the firm reported its first adjusted profit for 2018 as its assets soared past £2 billion following the acquisitions of micro cap and VCT manager Livingbridge and forestry manager FIM.

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