Welcome to our dedicated page for Alpha Growth news (Ticker: ALPGF), a resource for investors and traders seeking the latest updates and insights on Alpha Growth stock.
Alpha Growth Plc (ALPGF) delivers specialized financial services in longevity assets and insurance-linked investments, serving institutional investors worldwide. This news hub provides essential updates for understanding the company's strategic position in alternative asset management.
Access timely press releases covering earnings reports, strategic acquisitions, and regulatory developments. Our curated collection helps investors track ALPGF's expansion through UK/US partnerships and its growing influence in non-correlated markets.
Discover updates on life settlement market innovations, advisory service enhancements, and leadership initiatives driving the longevity asset class. All content is verified through primary sources to ensure reliability for financial decision-making.
Bookmark this page for continuous access to ALPGF's evolving market strategy and institutional-grade insights. Check back regularly for unfiltered updates straight from corporate communications.
Alpha Growth Plc (LSE:ALGW)(OTCQB:ALPGF) announced its 2022 performance update, highlighting a 70x increase in assets under management (AUM) to approximately $700 million since January 2020. The BlackOak Alpha Growth Fund generated a 7.20% return in 2022, outperforming the FTSE 100 significantly. The company completed two acquisitions, adding over $284 million in AUM, and launched a new fund targeting a broader investor base. Alpha aims for $2 billion in AUM by 2025. The new broker, Allenby Capital, initiated coverage, enhancing investor outreach. The company anticipates robust growth without needing additional capital raises.
Alpha Growth has signed a share purchase agreement to acquire a Bermuda-based holding company and its insurance subsidiary, enhancing its assets under management significantly. This transformative deal is expected to be EBITDA positive, with managed assets exceeding $290 million and in-force policies over $750 million. Following an oversubscribed placement raising £3,750,000, the company is poised for further growth. The acquisition will enable Alpha Growth to expand its range of life insurance-based wealth management products.
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