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

New trust ‘received a broad level of support’

clock
Alex Brotherston, CEO of Sanford DeLand Asset Management
Image:

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...

To continue reading this article...

Join Investment week

  • 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

Join now

 

Already an Investment Week
member?

Login

More on Investment Trusts

Retail investors have been investing in trusts

Retail investors hungry for alternative investment trusts

Particular taste for esoteric trusts

clock 25 November 2021 • 3 min read
Wind turbine

JLEN Environmental Assets Group performance driven by increase in power price forecast

Interim dividend of 1.70p declared

Jenny Turton
clock 25 November 2021 • 1 min read
Gresham House NAV overstated

Gresham House Strategic's NAV overstated since 30 July

£1.3m over

clock 24 November 2021 • 2 min read