Investment Company, a 155-old trust, has appointed Chelverton Asset Management as its new investment manager.
Following a strategic review that began in February, the trust selected Chelverton as its new investment manager, as it seeks to prevent a windup and moving beyond its just £17m in assets. Investment Company trust mulls appointment of Chelverton AM as investment manager In March, the trust said it was considering appointing Chelverton to the role, as well as amending the trust's investment objective and policy in order to maximise capital growth through investing in small and mid-cap firms. This was voted on by shareholders at the trust's general meeting on 26 June, with 99.9% ...
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