Personal Assets Trust
From Wikipedia, the free encyclopedia
 | |
| Company type | Public |
|---|---|
| LSE: PNL FTSE 250 component | |
| Founded | 1983; 42 years ago (1983) |
| Headquarters | , Scotland |
Key people | Iain Ferguson (chair) |
| Website | www |
Personal Assets Trust is a large British investment trust. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.[1] The chairman is Iain Ferguson CBE.[2]
The company was established through a rights issue by a much larger fund, Atlantic Assets, managed by Ivory and Sime, in 1983.[3] In 1990, an asset manager with Ivory and Sime, Ian Rushbrook, took over the management of the company and decided that it should be "run expressly for private investors".[4] Over the next 18 years, he grew the business significantly and also used it as a vehicle to protect his own family's financial interests.[5][6] In 2009, it came under the management of Troy Asset Management, who subsequently appointed Sebastian Lyon and, from 2025, Charlotte Yonge as managers of the fund.[7][8]
References
- ↑ "FTSE 250 Index Factsheet". FTSE Russell. Retrieved 22 August 2022.
- ↑ "Iain Ferguson CBE". Cranfield University. Retrieved 12 May 2025.
- ↑ Angus, Robin. "A Share Journey: Extracts from Personal Assets Trust quarterly reports 1994 to 2021" (PDF). p. 153. Retrieved 18 February 2023.
- ↑ "Prospectus" (PDF). Personal Assets Trust. Retrieved 21 April 2012.
- ↑ "We are family: seven investment trusts where blood runs deep". City Wire. 29 September 2015. Retrieved 18 February 2023.
- ↑ "Obituary: Ian Rushbrook". The Scotsman. 13 October 2008. Retrieved 18 February 2023.
- ↑ "Troy in double manager promotion on Personal Assets Trust and STS Global Income". AIC. 27 March 2025. Retrieved 12 May 2025.
- ↑ "Personal Assets Trust appoints Troy as new manager". Reuters. 3 March 2009. Retrieved 12 May 2025.