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.

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.

It will take effect from December 14th and will be funded from cash resources, with a small initial increase in short-term borrowings.

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."

RD

Recommended

The top funds to invest in
Funds

The top funds to invest in

As market volatility and recessionary fears continue, here are the most popular funds, stocks and trusts investors are putting their money into
2 Mar 2023
The ten highest dividend yields in the FTSE 100
Income investing

The ten highest dividend yields in the FTSE 100

Rupert Hargreaves takes a look at the companies with the highest dividend yields in the UK’s blue-chip index
27 Feb 2023
The outlook for Shell shares is mixed, despite bumper profits
Energy stocks

The outlook for Shell shares is mixed, despite bumper profits

With profits surging, it looks as if Shell is on a roll, but the company’s growth from here is hard to see as Rupert Hargreaves explains.
6 Feb 2023
The top ten dividend stocks in the FTSE 250
Share tips

The top ten dividend stocks in the FTSE 250

The average FTSE 250 dividend yield is around 4%, but many stocks yield much more. Rupert Hargreaves picks the best FTSE 250 stocks for income investo…
17 Jan 2023

Most Popular

Government plans could see NS&I boost interest rates
Savings

Government plans could see NS&I boost interest rates

The government-backed bank has a new funding target, which could prompt it to boost the rates on its Premium Bonds, ISAs and bonds.
16 Mar 2023
Share tips of the week – 17 March
Investments

Share tips of the week – 17 March

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages
10 Mar 2023
How to make your child a tax-free millionaire by age 37
Investments

How to make your child a tax-free millionaire by age 37

Exclusive research for MoneyWeek reveals how funding an ISA and a pension for your child until age 18 could build up a seven-figure sum by the time th…
14 Mar 2023