Unleash the power of private equity

Technology-focused private equity fund HG Capital Trust is a successful investor in unlisted companies that has shrugged off political uncertainty

As Byzantine intrigue makes the political outlook for the UK ever more uncertain, investors continue to pull money out of equities. In July, equity funds saw the highest level of net outflows from retail investors (£1.7bn) for three years, including £1.2bn from UK funds and £400m from Europe.

Meanwhile, the better fund managers are just focusing on securing high returns whatever the challenges. Few have been more successful this year than HG Capital Trust (LSE: HGT), the listed technology-focused private equity fund with a market value approaching £1bn.

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Max King
Investment Writer

Max has an Economics degree from the University of Cambridge and is a chartered accountant. He worked at Investec Asset Management for 12 years, managing multi-asset funds investing in internally and externally managed funds, including investment trusts. This included a fund of investment trusts which grew to £120m+. Max has managed ten investment trusts (winning many awards) and sat on the boards of three trusts – two directorships are still active.

After 39 years in financial services, including 30 as a professional fund manager, Max took semi-retirement in 2017. Max has been a MoneyWeek columnist since 2016 writing about investment funds and more generally on markets online, plus occasional opinion pieces. He also writes for the Investment Trust Handbook each year and has contributed to The Daily Telegraph and other publications. See here for details of current investments held by Max.