Ardevora’s assets pass through the £1bn mark

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Ardevora Asset Management’s assets under management have surpassed the £1bn mark nearly five years on from being founded at the start of 2010 by Jeremy Lang and William Pattisson.

The assets are split across four funds – UK Income, UK Equity (long/short), Global Equity (long/short) and Global Long-only Equity – and a series of institutional mandates.

In the last year its AUM have almost doubled, having stood at £600m at the end of February and the team’s goal is for AUM to hit £3bn over the course of the next two-to-three years.

Lang says: “This milestone is a good reflection on the goals we at Ardevora strive to share with our clients: long-term stability and performance – while taking on sensible risk.”