The board of the £232m Witan Pacific investment trust has announced its plans to make a number of changes to its multi-manager line-up, including the addition of two new names.
The investment trust, which took on the multi-manager approach in 2005, will see the disposal of the holding in the Gavekal Asian Opportunities UCITS fund, which represented 10% of the portfolio. It will be sold as part of the transition process after five years of stewardship by Gavekal Capital. At the same time, it will add two new managers to the line-up - Dalton Investments and Robeco Institutional Asset Management - which will be responsible for 10% and 25% of the portfolio respectively. Meanwhile, the portion of the portfolio managed by Aberdeen Standard Investments (formerly...
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