Personal Assets Trust is a large

British British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories, and Crown Dependencies. ** Britishness, the British identity and common culture * British English ...

investment trust An investment trust is a form of investment fund found mostly in the United Kingdom and Japan. Investment trusts are constituted as public limited companies and are therefore closed ended since the fund managers cannot redeem or create shares. ...

. The company is listed on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pa ...

and is a constituent of the

FTSE 250 Index The FTSE 250 Index ( "Footsie") is a capitalisation-weighted index consisting of the 101st to the 350th largest companies listed on the London Stock Exchange. Promotions and demotions to and from the index occur quarterly in March, June, Septemb ...

. The chairman is Hamish Buchan.

History

The company was established through a rights issue by a much larger fund, Atlantic Assets, managed by

Ivory and Sime Ivory and Sime was an investment management company established in the late 19th century. History The company was founded by two accountants, James Ivory and Thomas Watson Sime, in 1895. It took over the management of British Assets Trust when it w ...

, in 1983. 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". Over the next 25 years, he grew the business significantly and also used it as a vehicle to protect his own family's financial interests.

References

External links

Official site
{{Authority control Companies listed on the London Stock Exchange