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.

Witan Pacific gives up gearing for AIFMD compliance

Witan Pacific gives up gearing for AIFMD compliance

The £174 million Witan Pacific investment trust has given up its borrowing facility due to the terms of the Alternative Investment Fund Managers Directive (AIFMD).

Witan Pacific has now listed as a small registered UK alternative investment fund manager with the Financial Conduct Authority, and will no longer be able to take on debt under the terms of those regulations.

The trust has now deleveraged – it was 2% geared – by repaying its outstanding loan with the Royal Bank of Scotland. Its historical gearing range has been between 0% and 5%.

Witan Pacific, which was launched in 1907, has returned 11.5% over the past three years compared with 5.9% from its benchmark MSCI AC Asia Pacific Free index.

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 Hendersons' Kerley: investing in Marmite-like China

Hendersons' Kerley: investing in Marmite-like China

Citywire A-rated manager sees higher quality growth originating from China's current reforms.

Play Oil slump opportunities, Japanese recession & a UK bank conundrum

Oil slump opportunities, Japanese recession & a UK bank conundrum

Investment Pulse this week looks at further challenges for the British banking sector, Japan's return to recession and the continuing weakness of brent crude.

Play JPMAM's Georgina Brittain: the best opportunities in mid caps

JPMAM's Georgina Brittain: the best opportunities in mid caps

Brittain discusses where she sees opportunities in mid caps despite rising valuations.

Your Business: Cover Star Club

Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

Wealth Manager on Twitter