Which trust directors have put their money where their mouth is?

Nearly a fifth of investment trust directors do not invest in their own companies, the latest ‘Skin in the Game' report by broker Collins Stewart has revealed.

The annual research shows 18.5% of directors have not invested a single penny in the companies they oversee. Collins Stewart added a third of investment trust chairman have personal investments which are less than their annual salary, while 20 have no investments in their companies. Jean Claude Banon, chairman of Henderson European Focus trust, has never invested in the company despite sitting on the board for the past two decades. He is the longest serving director who has not parted with any cash into his own company. The report found 29 investment company boards whose total valu...