Majedie's rejig of Edinburgh IT sees trust's discount narrow to 4.6%

New managers stamp their mark

clock • 2 min read
James de Uphaugh of Majedie Asset Management

James de Uphaugh of Majedie Asset Management

In their first year of managing the Edinburgh Investment Trust, Majedie Asset Management has managed to narrow the company’s discount from 11% to 4.6% despite taking on management during the Covid pandemic and being burdened with legacy illiquid stocks from the Woodford era.

The £1.3bn trust has been managed by James de Uphaugh and Chris Field since March last year when they took over from Mark Barnett, who had run the trust since 2014 after taking the reins from Neil Woodford...

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