The launches of three small-cap investment trusts in close succession will give liquidity in the lower end of the market a much-needed boost, according to L&G's Richard Penny.
Penny (pictured), who runs the £197m L&G UK Alpha trust and the £193m L&G UK Special Situations fund, said it has been tough to find opportunities in the small-cap space over the past year. The manager...
Latest news and analysis
Creates a firm with £450m AUM
What made the headlines in the sector over the past 12 months?
Offshore version launched in April
New regime begins in December 2019