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
161/180 in Equity - UK (All Companies) (Performance over 1 year) Average Total Return: 1.14%
Anthony Cross
Anthony Cross
11/45 in Equity - UK Smaller Companies (Performance over 3 years) Average Total Return: 63.11%
Julian Fosh
Julian Fosh
10/45 in Equity - UK Smaller Companies (Performance over 3 years) Average Total Return: 63.11%
Andrew Brough
Andrew Brough
7/45 in Equity - UK Smaller Companies (Performance over 3 years) Average Total Return: 68.78%
Rosemary Banyard
Rosemary Banyard
6/45 in Equity - UK Smaller Companies (Performance over 3 years) Average Total Return: 68.78%
Ralph Cox
Ralph Cox
23/45 in Equity - UK Smaller Companies (Performance over 3 years) Average Total Return: 50.27%
Clive Beagles
Clive Beagles
28/78 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: 56.81%
James Lowen
James Lowen
27/78 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: 56.81%
Richard Plackett
Richard Plackett
James Macpherson
James Macpherson
Citywire TV
Brewin's Foster: the world’s most unconventional monetary policies

Brewin's Foster: the world’s most unconventional monetary policies

In this week's podcast, Guy Foster asks why the world’s biggest economies are pursuing some of the world’s most unconventional monetary policies. 

Play Charles Tan on Woodford & hidden trust income gems

Charles Tan on Woodford & hidden trust income gems

Cantor Fitzgerald investment company analyst Charles Tan discusses Woodford Patient Capital and some of the income trusts slipping under the radar.  

Play Taxicab Tenner: SGPB Hambros CIO Eric Verleyen

Taxicab Tenner: SGPB Hambros CIO Eric Verleyen

In the second episode of our new series, Verleyen jumps on board a black cab and explains how hard it's become to find good valuation on the market.  

Wealth Manager on Twitter