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Tavistock Investments profits to soar after first half that 'couldn't have gone much better'

Brian Raven

Brian Raven, fund manager Tavistock Investments PLC's (LON:TAVI) chief executive, says the growing momentum in their discretionary funds business can see profits jump to £5mln in the not too distant future.

Tavistock swung into profit in the first half and has forecast more to come as funds under its management more than doubled. The launch of three new funds under its Acumen brand helped the amount under management rise by 130% to £745mln.

Revenues in the discretionary business, which fully manages investors’ money, was £1.52mln in the six months compared to £1.66mln for the whole of the previous year.

 

Quick facts: Tavistock Investments PLC

Price: 2.1185 GBX

AIM:TAVI
Market: AIM
Market Cap: £12.88 m
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Tavistock Investments CEO very optimistic on year ahead as first quarter...

Tavistock Investments PLC's (LON:TAVI) Brian Raven tells Proactive the fund management group increased assets under management for the sixth year running in the period to end-March 2020. Funds under management had risen by 6% to £1bn in the period while underlying profits jumped 24% over the...

on 24/7/20

2 min read