We are excited to share that our CEO James H. Simmons III will be speaking at Commercial Observer's Institutional Investor & Private Equity Forum on September 19! This Forum will bring together some of the most respected investors and owners in the market. The discussion will highlight investor demand around specific asset classes, transaction trends on the equity side, and opportunities in the private credit market. Register to join us and use code EQUITY50 for a VIP discount
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Accorn manages a suite of equity and multi-asset unit trusts, personal share portfolios and wrap funds which address the diverse investment requirements of our clients. Visit www.accorn.com to find out more. . . . . #accorn #investmentmanagement #assets #investment #funds #business #wealth #privateclientexcellence
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Accorn manages a suite of equity and multi-asset unit trusts, personal share portfolios and wrap funds which address the diverse investment requirements of our clients. Visit www.accorn.com to find out more. . . . . #accorn #investmentmanagement #assets #investment #funds #business #wealth #privateclientexcellence
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Accorn manages a suite of equity and multi-asset unit trusts, personal share portfolios and wrap funds which address the diverse investment requirements of our clients. Visit www.accorn.com to find out more. . . . . #accorn #investmentmanagement #assets #investment #funds #business #wealth #privateclientexcellence
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Accorn manages a suite of equity and multi-asset unit trusts, personal share portfolios and wrap funds which address the diverse investment requirements of our clients. Visit www.accorn.com to find out more. . . . . #accorn #investmentmanagement #assets #investment #funds #business #wealth #privateclientexcellence
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Accorn manages a suite of equity and multi-asset unit trusts, personal share portfolios and wrap funds which address the diverse investment requirements of our clients. Visit www.accorn.com to find out more. . . . . #accorn #investmentmanagement #assets #investment #funds #business #wealth #privateclientexcellence
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Accorn manages a suite of equity and multi-asset unit trusts, personal share portfolios and wrap funds which address the diverse investment requirements of our clients. Visit www.accorn.com to find out more. . . . . #accorn #investmentmanagement #assets #investment #funds #business #wealth #privateclientexcellence
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Accorn manages a suite of equity and multi-asset unit trusts, personal share portfolios and wrap funds which address the diverse investment requirements of our clients. Visit www.accorn.com to find out more. . . . . #accorn #investmentmanagement #assets #investment #funds #business #wealth #privateclientexcellence
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Good news, it looks like cost disclosure reform is having a positive impact on the beleaguered investment company sector after Fidelity Investments reinstated RIT Capital Partners (RCP) on its platform in response to the multi-asset fund now reporting zero expenses where previously it stated a 3.8% ‘reduction in yield’. In line with the AIC’s new approach, RIT’s key information document explains the company had an ongoing charges figure (OCF) of 0.77% of net assets lost year. It says that ‘for the avoidance of doubt, the OCF is not an additional cost paid by shareholders to the company’. The shares rose nearly 3% yesterday, beginning to make inroads into their 34% discount. Could this be the start of a rerating?
Fidelity reinstates RIT Capital as disclosure reform sees 3.8% annual ‘costs’ disappear
citywire.com
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Citywire: Fidelity International reinstates RIT Capital Partners plc as disclosure reform sees 3.8% annual ‘costs’ disappear “Fidelity International has removed RIT Capital Partners plc (RCP) from its blacklist of investment trusts in the first sign of the positive impact cost disclosure reform could have on the beleaguered closed-end fund sector. ‘We are delighted that Fidelity has reinstated RIT Capital Partners plc on its platform. This means that new buyers can once again buy RIT shares via Fidelity,’ said a spokesperson for the £2.5bn global multi-asset fund. Under Maggie Fanari Fanari, the new chief executive of its fund manager J Rothschild Capital Management (JRCM), RIT has become more transparent. As of this month, its factsheet and website now provide more information about investments in quoted equities, private investments and uncorrelated strategies, as well as weightings to subsectors, regions and currencies.” Capital at risk. Professional investors only. For more information on RIT Capital Partners plc, please contact Cadarn Capital at [email protected]. https://lnkd.in/ebHeK4ma
Fidelity reinstates RIT Capital as disclosure reform sees 3.8% annual ‘costs’ disappear
citywire.com
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