The holding company of Arabesque’s sustainability fund management and ESG research businesses almost doubled annual losses in 2019 against the previous year, to the tune of £6.18m at December 31, 2019 versus £3.35m in 2018.
The annual, audited accounts of Arabesque Asset Management Holding Company also show that the holding company owes Omar Selim, one of its Founder Directors, just short of £13.7m in capital.
The holding company is the parent to Arabesque Asset Management, the London based fund manager, as well as its investment management subsidiary offices in Germany, Singapore and the US.
It is also the majority shareholder in Arabesque AI, its London-based ESG quant research arm. In January this year, RI reported that DWS, the German fund manager, had acquired a 24.9% stake in Arabesque AI. In December 2019, Arabesque AI issued 2,490 nominal £1 shares valued at £7.6m.
The holding company is also the majority shareholder of ESG research…