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. * British national identity, the characteristics of British people and culture ...

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 company, public limited companies and are therefore closed ended since the fund managers cannot red ...

. The company is listed on the

London Stock Exchange The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...

and is a constituent of the

FTSE 250 Index The Financial Times Stock Exchange 250 Index, also called the FTSE 250 Index, FTSE 250, or, informally, the "Footsie 250" , is a stock market index that consists of the 101st to the 350th mid-cap blue chip companies listed on the London Stock ...

. The

chairman The chair, also chairman, chairwoman, or chairperson, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the gro ...

is Iain Ferguson CBE.

History

The company was established through a rights issue by a much larger fund, Atlantic Assets, managed by Ivory and Sime, 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 18 years, he grew the business significantly and also used it as a vehicle to protect his own family's financial interests. 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.

References

External links

Official site
{{Authority control Companies listed on the London Stock Exchange Companies in the FTSE 250 Index