Witan appoints Lansdowne Partners for global equity portfolio

FSTE 250 company Witan Investment Trust has appointed UK-based hedge fund specialist Lansdowne Partners to manage a global equity portfolio.

The portfolio will have an initial value of £30m and will be invested in accordance with Lansdowne Partners' newly established developed markets long only strategy.

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Lansdowne Partners has a long history of managing equity portfolios. The company applies a concentrated stock-picking approach strategy. This consists solely of long positions in a portfolio of 15-25 stocks, chosen for their investment attractions, independent of stock market weightings.

Andrew Bell, Chief Executive of Witan Investment Trust, 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."

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