Electra Private Equity has revealed the results of its tender offer launched in November, as the trust's rising cash levels were threatening to hit its net asset value (NAV).
On 8 November, the board of £2bn investment trust said higher cash resources, as a result of a number of recent asset sales, could negatively impact the trust's NAV growth, and it will therefore implement...
18 funds affected
26 years in financial services
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High allocation to cash
Backed by Schroders, LGIM and the IA