F&C Investment Trust boosts cash levels sixfold as volatility ramps up
World’s oldest investment trust divests from global small caps and sheds more big US growth stocks in interim period
World’s oldest investment trust divests from global small caps and sheds more big US growth stocks in interim period
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Unified group would manage circa €20bn in assets
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IFA firm is currently owned by US investor Oaktree Capital Management, which bought Sanlam’s wealth operations in 2021
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‘It should not be like winning the lottery – you want managers to outperform the following year, not think about early retirement’
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‘Taking a contrarian view, the shares are starting to look interesting’
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Woodford Patient Capital Trust was handed to Schroders almost two years ago
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City watchdog is still examining whether the structure is appropriate for UK retail investors
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More than two thirds of wealth managers have added new asset classes in the past three years
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Video: Father and son duo also explain how trust donates 0.9% of assets every year to UK literacy charities
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Comes after major shareholder LGIM warns against private equity firms taking over supermarket chain for ‘the wrong reasons’
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Investors’ attraction to private assets has grown thanks to the likes of Scottish Mortgage
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Warburg Pincus had shown interest in the UK wealth manager all the way back in 2016
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