Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

BlackRock pours more cash into Charles Stanley

BlackRock pours more cash into Charles Stanley

BlackRock has upped its stake in Charles Stanley beyond the 5% mark.    

BlackRock now owns a 5.36% stake in Charles Stanley following a share purchase dated 15 January, according to an announcement posted on the London Stock Exchange. This brought the fund management group's total position up to 2.4 million shares.

At 1.50pm shares in Charles Stanley, led by Sir David Howard (pictured), were trading at 506.8p, the level they started the day on.  

According to Reuters, Ralph Cox's BlackRock UK Smaller Companies fund and James MacPherson's BlackRock UK Equity fund were investors in Charles Stanley at the end of August 2013, owning 1.13% and 0.02% respectively. The data also shows BlackRock held a 3.86% position at the end of June.

Charles Stanley has also attracted the likes of Clive Beagles and James Lowen, who owned 5.11% through their JOHCM UK Equity Income fund at the end of September.

Other investors in Charles Stanley include Anthony Cross and Julian Fosh, who controlled 3.82% at the end of November via their Liontrust UK Smaller Companies fund.

Meanwhile Andrew Brough and Rosemary Banyard's Schroders Institutional UK Smaller Companies fund had a 3.65% interest last February.

The BlackRock purchase comes after Charles Stanley acquired Evercore Pan Asset last November shortly after it posted a 44% jump in first half profit.

The firm has also made no secret of its desire to expand it regional presence, which saw it recruit a team from Brewin Dolphin for a new Leicester office and indicated it was looking to open its first branch in Wales at some point in the near future.  

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Roland Arnold
Roland Arnold
166/181 in Equity - UK (All Companies) (Performance over 1 year) Average Total Return: -0.52%
Anthony Cross
Anthony Cross
5/45 in Equity - UK Smaller Companies (Performance over 3 years) Average Total Return: 76.42%
Julian Fosh
Julian Fosh
4/45 in Equity - UK Smaller Companies (Performance over 3 years) Average Total Return: 76.42%
Andrew Brough
Andrew Brough
16/45 in Equity - UK Smaller Companies (Performance over 3 years) Average Total Return: 66.52%
Rosemary Banyard
Rosemary Banyard
17/45 in Equity - UK Smaller Companies (Performance over 3 years) Average Total Return: 66.52%
Ralph Cox
Ralph Cox
31/45 in Equity - UK Smaller Companies (Performance over 3 years) Average Total Return: 54.84%
Clive Beagles
Clive Beagles
25/78 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: 60.11%
James Lowen
James Lowen
24/78 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: 60.11%
Richard Plackett
Richard Plackett
James Macpherson
James Macpherson
Citywire TV
Citywire TV
Citywire TV
Play Sam Vecht: the best opportunities in frontier markets

Sam Vecht: the best opportunities in frontier markets

Blackrock's Vecht evaluates frontier markets and explains where he sees the opportunities

Play Where A-rated Pattullo is finding the best bond opportunities

Where A-rated Pattullo is finding the best bond opportunities

Henderson Global Investors head of retail fixed income explains how he is managing his fund against the surprise current monetary policy divergence.

1 Comment Play Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Our much anticpated new series is here! We hand a black cab driver a tenner and grill the manager of the 125-year Merchants trust until the meter runs out.    

Your Business: Cover Star Club

Profile: meet the man building Towry into an £11bn giant

Profile: meet the man building Towry into an £11bn giant

As a former engineer who worked on Hong Kong International Airport, Rob Devey is not afraid of taking on major projects

Wealth Manager on Twitter