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WAM Alternative Assets Reports Higher Net Tangible Assets per Share for June

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WAM Alternative Assets (ASX:WMA) reported net tangible assets of AU$1.1901 per share before tax for June, up from AU$1.1596 in May, according to a Tuesday filing with the Australian bourse.

The company also reported a net current and deferred tax liability position of AU$0.0308 per share, per the filing.

WAM Alternative Assets said its June investment portfolio gains were driven mainly by the portfolio's private-equity component amid a focus on reducing exposure to legacy assets.

The company's shares gained 2% in recent Tuesday trade.

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