Sanford DeLand pulls Buffettology Smaller Companies IPO after failing to meet £100m minimum

New trust ‘received a broad level of support’

Alex Brotherston, CEO of Sanford DeLand Asset Management

Alex Brotherston, CEO of Sanford DeLand Asset Management

The board of directors of the Buffettology Smaller Companies investment trust has decided not to proceed with the initial public offering, citing insufficient overall demand.

In a statement, Sanford DeLand Asset Management (SDL) said: "The company has received a broad level of support from a significant number of investors and has been encouraged with the response to the investment...

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