Columbia Threadneedle brings UK small-cap team under pan-European small-cap umbrella
Responsible Investment research team absorbed into Global Fundamental Research team
Responsible Investment research team absorbed into Global Fundamental Research team
The newly-created FTSE 250 company will lower ongoing fees to below 0.7%
They will combine into a £1bn trust on the FTSE 250 managed by Nicholas Weindling and Miyako Urabe
Some 8% of Witan’s portfolio is invested in other trusts
The merger is the result of Witan CEO Andrew Bell’s impending retirement
Its income and growth VCTS could combine into new funds worth £190.8m and £128.8m
Michelle Scrimgeour held the role for five years
Board will also consider proposals from new investment managers to take over the trust
Changes include a reduction in second-tier management fees and a cost contribution from Janus Henderson
QuotedData analysts argue that a managed wind-down should be preferable
One day after Urban Logistics urged shareholders to vote against it
Follows further incentives from Custodian REIT on 13 March