Gresham House bows out of trust with 24% stake sale
Shareholders voted to shut down Gresham House Strategic in December but a U-turn could be on the cards
Author: Kirsten Hastings
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Bank of England hikes rates as inflation at 10% ‘not off the cards’
Rise takes rates back to the pre-pandemic level of 0.75%
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Russian exodus makes space on FTSE 250 for Abrdn and Neuberger Berman trusts
FTSE Russell ousting Evraz and Polymetal International along with two other firms
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Smithson delivers ‘very small degree of outperformance’
As it divests two holdings for straying into non-core business areas
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Gresham House AUM jumps 65% as net inflows triple
Asset manager also unveils acquisition of Irish real estate firm
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Investec hires investment director from Sanlam
She provided discretionary portfolio management services to private clients, trusts and corporates
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Double departure sees Gam multi asset and discretionary bosses exit
As the asset manager picks BlueBay AM alum for global head of investment role
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Lindsell Train opens up £27m North America equity fund to investors
Estee Lauder, American Express and Alphabet make up the biggest holdings
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‘Magnificent seven’ trusts record 50 years of annual dividend hikes
‘Dividend heroes’ have persevered through Black Monday, global financial crisis and the coronavirus pandemic
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LGT Vestra’s head of private equity among five partners to exit
As nine people are promoted
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ECB rate rise sidestep fails to dampen UK market expectations
Even as the energy price shock to the global economy raises spectre of a slowdown or recession
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F&C trust hikes dividend for 51st year in a row
But manager Paul Niven tempers expectations for 2022 amid falling prospects for global growth
