HgCapital Investment trust, Frances Jacob

Award winning private equity trust will increasingly diversify away from low-growth UK market

The HgCapital investment trust's recent success in performance terms was reflected when it scooped the private equity/venture capital prize in the 2005 Investment Week Investment Trust of the Year Awards. Over 12 months to 16 December, shareholders have seen their investments return 27.8% while NAV has risen 25.1% compared to 23% from the FTSE All-Share over the same period. Over longer timescales, its outperformance of the index is more acute. Over 10 years, shares have returned 457.2% and NAV 286.8% while the FTSE All-Share produced 159.5%. HgCapital was formed in December 2000 through...