Financial services firm Wilson HTM Investment Group (WIG) has experienced a 15 per cent rise in funds under management (FUM), with the group’s latest figures topping $3.7 billion.
According to the group’s figures for the period ending 30 June 2007, FUM increased by $0.4 billion to $3.7 billion.
This represented a 15 per cent increase in FUM over the quarter. In the 12-month period ending 30 June 2007, Wilson’s FUM increased by $1.4 billion or 62 per cent.
The announcement of its FUM figures is part of WIG’s new policy to disclose its total FUM monthly, and to make a more detailed FUM report quarterly.
“The rise in FUM is pleasing and is consistent with our strategy to continue to grow our investment management business,” Wilson HTM Investment Group executive chairman Steve Wilson said.
“Growth in FUM has been underpinned by fund inflows and solid performance, as well as robust investment processes implemented by the many talented people we have managing our funds.”
WIG is an integrated investment house which operates across two business lines, investment management and investment banking.
The group has a strategic relationship with Deutsche Bank, which has a 19.9 per cent shareholding and a corporate finance alliance with the company.
