Skin in the game: Which trust managers have committed the most?

Canaccord Genuity's latest look at which trust boards and managers have invested in their own funds reveals 46 managers now have personal investments in their portfolios worth more than £1m.

The report's author, Canaccord Genuity's Alan Brierley, said he is encouraged by the number of significant personal investments, but acknowledged there is a "marked polarisation" between the best and worst. The broker highlighted a number of trusts with room for improvement, namely the 25 companies where directors' aggregate shareholdings are less than the fees received over a six-month period. "The apparent lack of conviction by some does not sit easily with the degree of commitment expected by investors. To say, "I'm on so many boards, I could not possibly have an investment in all ...