Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Financial services company Alpha Growth said assets under management increased in Q1 as fund inflows climbed by nearly a quarter.
Fund assets under management increased by over 100%, with $5 million of additional inflows into the fund representing an increase of 24% during Q1, the company said.
Since inception 19 months ago, the Black Oak Alpha Growth Fund has achieved a net return of 15.65% and at the close of Q1 2021 AUM stood at $25.5 million.
Looking ahead, the company aims to 'substantively' increase the marketing of its Black Oak Alpha Growth Fund, and focus on securing a revolving credit facility.
'With a solid strategy in place, the Company is confident of strong growth prospects going into Q2 and continuing throughout the remainder of 2021,' it added.
At 8:39am: (LON:ALGW) Alpha Growth Plc Ord Gbp0.001 share price was 0p at 1.4p