Candover buffeted by volatile markets

Private equity investment trust Candover Investments is promising jam tomorrow to shareholders as it slowly progresses to a position where it can return cash to shareholders.

Private equity investment trust Candover Investments is promising jam tomorrow to shareholders as it slowly progresses to a position where it can return cash to shareholders.

The firm saw its net asset value per share slide 12% to 717p at the end of 2011 from 814p at the end of 2010, while the trust's portfolio valuation was down 4.4% over the year, with first half valuation uplifts counter-balanced by the volatile economic environment and adverse currency movements in the second half.

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