Tellworth Investments will launch a UK equities investment trust to be managed by founders and ex-Schroders duo Paul Marriage and John Warren.
The Tellworth British Recovery & Growth Trust will look to raise £100m through an IPO and an intermediaries offer with the potential for an extra £500m to be committed to the vehicle, it said. The trust will have a 12-month placing programme, with other intermediaries offers carried out over that period. First post-Covid-19 investment trust launches could shake up their fledgling asset classes In a stockmarket statement on Wednesday (2 September), Tellworth, a boutique launched by BennBridge in 2017, said the trust would be managed by founders Marriage and Warren alongside Johnnie ...
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