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
Image:

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...

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

As many rivals up their digital offerings, ASOS will need to work hard to keep growing market share.

Stock spotlight: Supply chain issues weigh heavy but ASOS still good fit for 'patient investor'

ASOS shed 17.3% of its share price in two days

James Baxter-Derrington
clock 21 October 2021 • 4 min read
Rishi Sunak urged to develop clear net zero transition plans.

IA calls on Chancellor for 'competitive' budget to aid green transition

"This is a vital budget"

clock 21 October 2021 • 2 min read
St James's Place CEO Andrew Croft

St James's Place AUM up 25% year-on-year

Improving consumer confidence fuelled net inflows

Jenny Turton
clock 21 October 2021 • 1 min read