The Investment Company trust is in discussions to appoint Chelverton Asset Management as its new investment manager as it explores options to prevent a wind-up of the company.
In a stock exchange notice today (30 March), the board said that the Bath-based firm was being considered to act as manager with a new investment strategy of investing primarily in quoted equities of UK small and mid-cap quoted companies. This strategy had been "successfully deployed" by the MI Chelverton UK Equity Growth fund, the board noted, which has returned 222.1% since launch in October 2014. 155-year old trust Investment Company weighs options to wind up It is intended that the Chelverton UK Equity Growth Team, composed of James Baker, Ed Booth and Henry Botting would be ...
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