Edinburgh Fund Managers, which lost control of the Edinburgh Investment Trust earlier this year to F...
Edinburgh Fund Managers, which lost control of the Edinburgh Investment Trust earlier this year to Fidelity, saw its profits drop by 40% in the first half of 2002. The loss of the trust was highly significant for the Edinburgh group, which is seeking to cut costs by closing offices in the US and Canada. The revenues of around £3m it received from the trust represented roughly 10% of its entire turnover, according to Bloomberg.
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Investment trust savings scheme