Revealed: The funds powering Battle Against Cancer trust

The Battle Against Cancer Investment trust (BACIT) has revealed details of its holdings as it invests an initial £200m worth of assets.

The trust, managed by ex-Cazenove man Tom Henderson, chaired by Jeremy Tigue (pictured) and backed by other high profile figures including Jupiter's John Chatfeild-Roberts, floated on the stock exchange on 22 October. BACIT said it had invested 70.4% of its end-October net asset value by 5 November, across 22 funds run by 17 managers. The largest positions are in Peter Spiller's Capital Gearing Portfolio Dollar fund, which accounts for 7.8% of the trust's portfolio, Majedie Asset UK Equity, at 5.9% of NAV, and the Maga Smaller Companies fund, also at 5.9% of NAV. Richard Plackett's...