press releases 2008 archive
24 June 2008
Director's Holding
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19 June 2008
AGM Results - 19th June 2008
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28 May 2008
Integrated posting of 2007 accounts and AGM notice
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14 May 2008
Director shareholding
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14 April 2008
Preliminary Results for the year ended 31 December 2007
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28 March 2008
Credit Agricole's holdings in Company
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28 March 2008
Total voting rights 28 03 08
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19 March 2008
Issue of Ordinary Shares
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31 January 2008
Total Voting Rights 31_01_2008
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29 January 2008
Trading Statement
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INTEGRATED ASSET MANAGEMENT PLC Trading Statement Integrated Asset Management plc (the “Company”) continued to develop at a rapid pace in 2007, despite more challenging market conditions in the second half of the year, growing its assets under management and advice to $2.6 billion from $1.5 billion at the end of 2006. The acquisition of 51% of Altigefi S.A. contributed substantially to this growth but organic growth in assets under management was also very respectable with the original IAM funds standing 17% higher year on year (excluding both exchange related gains and any assets redeemed which were covered by the earn-out arrangements on the acquisition of Attica Alternative Investments Ltd.). Turnover for 2007 is expected to reach £14.4 million (2006: £11.7 million) and profit from continuing operations (before tax and amortisation of intangibles arising on consolidation, foreign exchange adjustments relating to the Attica acquisition and change of functional currency treatment of our broking business) is anticipated to be in line with expectations. Emanuel Arbib, Chief Executive stated: “The performance of our largest funds in 2007 has been very respectable, with the bellwether Integrated Multi Strategy Fund achieving 9.23% with a standard deviation of 3.32% (US$ Class B) and the very low volatility Altipro feeders returning 5.68% in Euro terms with volatility of 1.75% (Altipro II). Given the diversification of our funds and the superior managers we invest with, indications to date are that our funds will significantly outperform their benchmarks and indices in the challenging conditions of this month. Moreover, the high volatility in the markets is strongly benefiting our broking division which is currently achieving strong volumes and commissions across all its product lines.” Commenting on the current market conditions the Company’s Chairman, John Booth stated: “We have been communicating to our clients for many years now that hedge funds and especially funds of hedge funds have a proven track record of producing uncorrelated returns in times of sustained volatility and bear markets. It is particularly during such times that the flexibility available to our underlying fund managers coupled with Integrated Asset Management’s skill and experience in constructing diversified portfolios really come into their own. Historically, bear markets have provided some of the best conditions for funds of funds. Given our strong platform and process, our team of seventeen highly experienced investment and risk managers, we are convinced that this market phase will prove to be a time of opportunity for the Company.” The Company is expected to release its results for the year ended 31 December 2007 on 15 April 2008.