Gresham House Strategic trust appoints Harwood Capital and proposes name change

Staveley to return

Kathleen Gallagher
clock • 4 min read
Richard Staveley is moving to Harwood
Image:

Richard Staveley is moving to Harwood

The board of the £66.4m Gresham House Strategic (GHS) trust has decided to part ways with Gresham House Asset Management (GHAM) and has appointed Harwood Capital as its new investment manager, while proposing the trust change its name to Rockwood Strategic.

Richard Staveley, the former portfolio manager of the trust who quit in May this year, will join Harwood and has been proposed to return as the lead portfolio manager. Staveley, UK small-cap specialist and former partner at River and Mercantile, left GHAM only 20 months after joining. His appointment will begin after contractual restrictions from GHAM end on 1 December. The trust's investment management agreement with GHAM has been terminated "with immediate effect". Chair of Gresham House Strategic trust David Potter to leave firm In an announcement on the stock exchange t...

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

abrdn's Bruce Stout said the most "corrosive" of all factors was the "tangible change in sentiment"

Discount narrows on Murray International as it delivers positive returns

9.5% share price total return

Kathleen Gallagher
clock 12 August 2022 • 2 min read
Rob Murphy, managing director of financials at Edison Group

Investment companies can provide returns despite market uncertainty

Increase exposure to ESG

Rob Murphy
clock 11 August 2022 • 4 min read
The Baillie Gifford US Growth trust is managed by Kirsty Gibson (pictured) and Gary Robinson.

Baillie Gifford US Growth returns drop over 45% but maintains strategy conviction

Discount at 12% from a premium in 2021

clock 09 August 2022 • 3 min read
Trustpilot