Gresham House fund manager Ken Wotton has doubled his exposure to Tatton Asset Management in his UK equity funds.
The £253.92m LF Gresham House UK Micro Cap Fund now has a 3.02% stake and the £50.4m LF Gresham House UK Multi Cap Income Fund has a 0.66% stake. Both transactions took place on 30 January.
Wotton previously had no notifiable stake in the investment manager but had initiated a position in the firm in H1 2019, funds’ interim accounts for the period ended 30 June 2019.
The UK Micro Cap fund held 729,033 shares at the time, worth £1.6m, while the UK Multi Cap Income fund held 166,271 shares, worth £366,000.
The Gresham House funds have now more than doubled their collective stake to 2,055,981 shares.
Gresham House nabbed Wotton and his funds in late 2018 as part of a £30m acquisition of Livingbridge’s UK funds business, which also included the Baronsmead VCT business.
Wotton joined Livingbridge in 2007 and his micro and multi-cap vehicles have consistently delivered top and second quartile performance in the Investment Association UK Smaller Companies and UK Equity Income sectors respectively.
