On Rab special sits

Trusts have enjoyed a renaissance in recent years following the rise in interest in alternative asse...

Trusts have enjoyed a renaissance in recent years following the rise in interest in alternative assets. One of significant advantage the manager of a closed-ended fund has over peers running an open-ended vehicle is that the holder of the latter can redeem their investment at short notice, usually on any business day. The manager of that fund must finance this request by liquidating sufficient assets from the fund's underlying portfolio. In cases of investment trusts, the seller must go to the stock market to find a buyer for their shares. This does not require the manager to take any...