Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Witan hands Lansdowne Partners £30m global equity mandate

Witan hands Lansdowne Partners £30m global equity mandate

Witan has picked hedge fund manager Lansdowne Partners to run a global equity mandate.

The mandate will have an initial value of £30 million and will be invested in accordance with Lansdowne Partners’ newly established Developed Markets Long Only Strategy, which invests in basket of 15-25 stocks.

The mandate will be funded from cash resources, with a small initial increase in short-term borrowings.

In a statement Witan chief executive Andrew Bell (pictured) said: 'This appointment is part of our continuing move to invest more with specialist managers who have innovative and high-conviction approaches towards creating value through stock picking and portfolio construction.'

'Lansdowne Partners’ unconstrained yet analytically- rigorous investment approach fits well with Witan’s objective of seeking returns driven by the individual characteristics of portfolio companies and less dependent upon equity index performance.'

In the three years to end of November Witan's net asset value has risen by 25.7% versus a 24.34% rise in the FTSE World index. The trust is trading at a 12.6% discount.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Rathbones' Smith on China's economic hegemony ambitions

Rathbones' Smith on China's economic hegemony ambitions

Discussing China's saving problem, Ed Smith argues that if the country opens up there will be an outflow of capital.

Play Liontrust ESG head says sustainable investment doesn't mean low return

Liontrust ESG head says sustainable investment doesn't mean low return

Peter Michaelis talks about ethical investment growth and where he sees future opportunites.

Play Are platforms the biggest barrier to wealth manager ETF take-up?

Are platforms the biggest barrier to wealth manager ETF take-up?

Citywire hosted a roundtable discussion to find out how and if wealth managers are using ETFs in their clients' portfolios and the challenges they face trading through different platforms.

Read More
Wealth Manager on Twitter