The Growth of Clime Investment Management

Clime Investment Management's FUMA increased by 3% over the quarter to 31 March.

The firm has secured a $137 million fund mandate, offsetting losses from other sources.

Clime has expanded product offerings in wealth management, including a new managed discretionary account service.

The firm has appointed three new fund managers to create an unlisted asset management team.

Clime will manage $50 million initially in a bespoke wholesale investment offering.

New investment options have been introduced, providing enhanced investor choices.

The acquisition of the $137 million fund mandate helped offset losses from SMA mandates, pension payments, and market movement.

Clime Private Wealth clients will benefit from the new MDA service, offering improved flexibility and service.

The unlisted asset management team will enable Clime to expand product design capability and attract more investor capital.

Clime aims to capture $240 million of investor capital with the new unlisted asset management team.