The £1.2bn Witan investment trust has appointed UK-based hedge fund specialist Lansdowne Partners to manage a global equity portfolio.
The portfolio will have an initial value of approximately £30m and will be invested in line with Lansdowne Partners' newly established developed markets long-only strategy. It will be funded from cash resources, with a small initial increase in short-term borrowings. Lansdowne Partners applies a concentrated stock-picking approach within its equity strategy. This consists solely of long positions in a portfolio of 15-25 stocks, chosen for their investment attractions, independent of stock market weightings. Andrew Bell, chief executive of Witan investment trust, said: "This appoi...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
