Tavistock Investments has raised £650,000 of equity capital by issuing 32.5m new ordinary shares, with nearly 5% of the company now owned by Hugh Simon, the CEO of Hamon Investment Group.
Simon bought 3 million Tavistock shares, equivalent to 4.94% of the company and was welcomed by the board as a "significant new investor". The remaining shares were bought by members of the management team, including chairman Oliver Cooke and CEO Brian Raven, who now own 4.45% and 10.78% of the company respectively. Simon's multi-asset boutique Hamon Group is based in Hong Kong and London. In the UK, it owns the global emerging market specialist Blackfriars Asset Management, which it acquired from BNY Mellon in 2011. According to Tavistock, the strategic partnership with Hamon Grou...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
