Gresham House to acquire TradeRisks from Residential Secure Income for £11m.

Gresham House, a specialist alternative asset manager, agreed to acquire TradeRisks, an integrated capital markets advisor and fund manager group, from Residential Secure Income, a real estate investment trust, for £11m. "This is a positive development for ReSI shareholders. RCM will benefit from Gresham House's robust central platform that includes distribution, investor relations, compliance, reporting and risk capabilities. This will free up the team allowing it to focus on origination, delivering full occupancy on our shared ownership portfolio and putting in place low cost long term debt to support our returns and reach full deployment, producing high-quality and sustainable income for ReSI's shareholders and delivering significant social value," Alex Pilato, TradeRisks CEO.