J. P. Morgan Asset Management (JPMAM) has officially launched its Multi-Asset trust, managed by Gareth Witcomb and Katy Thorneycroft, raising over £90m but not reaching its fundraising target of £150m.
The board confirmed 93,089,092 ordinary shares were issued and the initial public offering (IPO) raised £93.1m. In the trust's prosectus and previous statements from the group it said it was targeting...
Purchased for undisclosed sum
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