Skin in the game: Which trust managers have committed the most?

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Canaccord Genuity's latest look at which trust boards and managers have invested in their own funds reveals 46 managers now have personal investments in their portfolios worth more than £1m.

The report's author, Canaccord Genuity's Alan Brierley, said he is encouraged by the number of significant personal investments, but acknowledged there is a "marked polarisation" between the best and worst. The broker highlighted a number of trusts with room for improvement, namely the 25 companies where directors' aggregate shareholdings are less than the fees received over a six-month period. "The apparent lack of conviction by some does not sit easily with the degree of commitment expected by investors. To say, "I'm on so many boards, I could not possibly have an investment in all ...

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