Dowgate Wealth has launched a new investment trust, Onward Opportunities Limited, following its listing on AIM with initial investments of £12.7m.
In a stock exchange notice today (30 March), the firm said it will provide portfolio management services to the newly-launched company, with the investment team led by portfolio manager Laurence Hulse. The investment objective of the trust is to generate risk-adjusted absolute returns through a portfolio of about 20-25 specialist UK smaller companies, with an investment time horizon of three to five years. The team will deploy a "tried and tested" investment process, the firm said, combined with an active approach to stock selection and "high levels of engagement" with the portfolio...
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