Clime Investment Management Ltd (AU:CIW) has released an update.
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Clime Investment Management Limited has streamlined its operations, cutting costs by $2 million and reinvesting $1 million into key roles, positioning itself for solid cash profits by October 2024. The firm’s September quarter saw funds under management reach $1.6 billion, with strong returns in key funds like the Clime All Cap Fund and Clime Australian Income Fund, despite challenges in multi-asset strategies. Clime continues to enhance its portfolio offerings, including a reduction in management fees for the Clime Australian Income Fund, aiming to boost investor returns.
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