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...
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Joined the business in 2015
Lars Dollmann also stepping down
Two investment specialists joining Edinburgh team
'Will remain an independent business'