They did it their way
Article Abstract:
United Kingdom private client fund managers use investment trusts to spread risks, provide access to specialist markets, and cut down on volatility. UK investment trusts have seen widening discounts, but rationalization appears to be under way as hedge funds have put pressure on the sector. Rossie House Investment Management tends to have from 50% and 60% of portfolios in the UK. Mark Hattersley Professional Advisory Services sees investment and unit trusts as suitable for portfoliosof under 500,000 pounds sterling.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Investment trusts: Kepit sparks off soul-searching
Article Abstract:
The UK investment trust market has expanded leading to speculation abouth rationalization. There have been bids for Kleinwort European Privatization Investment Trust (Kepit) which have received widespread publicity. This has led to a debate on the duration of management contracts and the way that Kepit was marketed. Investors should also ascertain who is on the board of an investment trust. Ideally the chairman should be independent as should a majority of directors.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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