Henderson's Curtis: 'If City of London was an OEIC, we would have definitely cut our dividend during the financial crisis'

Benefits of a closed-ended structure

As he celebrates his 25th year as manager of the £1.3bn City of London investment trust, Job Curtis talks about the benefits of the closed-ended structure, why he is not worried about dividend cuts and identifies the best stock of his career.

When Henderson Global Investors acquired Touche Remnant Investment Management in 1992, the group gained the century-old City of London investment trust and its manager of one year, Job Curtis, along with it.   An already well-established trust, formerly managed by Michael Moule who also ran Henderson's Bankers and Law Debenture trusts, Curtis has managed to build on its success since taking the reins, solidifying its reputation as a "core holding" for investors and maintaining its strong dividend track record. Earlier this year, the group announced the total dividend for the year to 3...