Board of ScotGems trust put forward liquidation proposals

Full cash exit

Kathleen Gallagher
clock • 1 min read
The board intend to instruct First Sentier, to realise the portfolio in an 'orderly manner'
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The board intend to instruct First Sentier, to realise the portfolio in an 'orderly manner'

Following consultations with shareholders and its advisers, the board of the £45.8m ScotGems trust is proposing the liquidation of the company.

These proposals, if approved, would mean a full cash exit for shareholders less the costs. The board has been considering options since early March when alternative investment fund manager First Sentier resigned after the managers purchased a Russian company on the day of the invasion of Ukraine. JP Morgan Global Core Real Asset down 8.9% for the year By May, the board said it had considered the future of the company but wanted to continue to consult with shareholders. The board intends to instruct First Sentier, which said it would remain managing the fund for a maximum six mon...

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