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Jersey based active fund management group TEAM has reported a loss before tax was £0.9 million for the six months ended 31 March 2021.
Revenue was £0.6 million for the period.
During the period, the company strengthened its investment management team with new senior hires and corporate governance with three non-executive directors.
In January 2020, the company completed its first acquisition, Theta Enhanced Asset Management Ltd with an AUM of £140 million. Since then AUM has grown to £286 million.