The investment trust sector raised some £2.6bn in new money during 1999, most of it from split caps,...
The investment trust sector raised some £2.6bn in new money during 1999, most of it from split caps, writes James Thorneley. Within this total investment trust brokers Collins Stewart raised £651.2m, which according to its estimates puts it top, ahead of HSBC with £620.8m and Warburgs at £386.9m The Collins Stewart team, led by Rolly Crawford, was responsible for some of the largest split capital launches of the year. In July it assisted with the places of shares in the Technology and Income Trust, managed by Aberdeen Asset Management, which had gross total assets of £200m after the initi...
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