The announcement followed the firm’s “strong” growth in 2018.

It says “momentum has continued into 2019, with inflows more than doubling by the third quarter, on a like-for-like basis compared with the same period in 2018”.
 
The firm says its inflows have been driven by a combination of investment from existing and new investors predominately through financial advisers from across the UK.
 
It says the flows “are testament to increasing recognition of Seneca IM by advisers and the company’s ambition to expand its business and presence”.

David Thomas, chief executive of Seneca Investment Managers, said: “The transformational period the firm entered last year has continued and it’s encouraging to see direct investors and intermediaries recognising our different approach and consistent returns.

“We are still seeing strong in flows and long may this trend continue. 
 
“Our success comes at a time when many in the fund sector are struggling with the increased uncertainty in markets and is supported by our strong investment process focussed on delivering for investors over the long term.”