Somerset Capital Management’s profits in year to end of March dropped from £9.1m to £4.2m, accounts showProfits at Somerset Capital Management, the investment firm co-founded by Jacob Rees-Mogg, more than halved in the year before managers announced the once-$10bn fund would be wound down.Accounts filed at Companies House on Thursday show Somerset Capital Management’s profits in the year to 31 March 2023 dropped to £4.2m from £9.1m the previous year, and £13.5m in 2021. Continue reading…
Source link : https://www.theguardian.com/politics/2024/apr/11/profits-jacob-rees-mogg-investment-firm-somerset-capital-management
Author : Rupert Neate Wealth correspondent
Publish date : 2024-04-11 13:07:47
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