Shareholders of the £122m Aberdeen Frontier Markets investment company have voted in favour of shifting the trust from a fund of funds mandate to direct investing, while bringing in Devan Kaloo and Joanne Irvine as lead managers.
The trust previously followed a fund of funds approach run by Andy Lister and Bernard Moody who joined the group when Aberdeen acquired Advance Emerging Capital in 2015. But the new policy, which was...
£44bn committed to sector over five years
Key points from Hammond's 'balanced' Budget
No stamp duty on homes under £300,000
Second Budget this year
Rises in-line with CPI