TEAM’s strategic aim was to build a machine in Jersey that can successfully deliver outperformance and diversification for expats in Asia, Africa and the Middle East, clients found where the wealthy are increasingly going, who trust both in Jersey and in a London-listed company. As the client assets flow in, as they have started to do these last six months, even before unitisation of the main investment products, TEAM shareholders will benefit from a cost structure that ensures high operating leverage, and so rising profitability. The challenge has always been to access adequate funding, in a world of outflows from UK equity funds. H1 has seen big steps in the right direction, with the raising of £1.3m in new equity and £0.5m from a convertible loan note. The company has a £1.5m cash balance.
Strong MPS performance
All three main MPS strategies are outperforming their benchmarks both short and long-term (see pg.3) further enhancing their value proposition to TEAM International clients…
