Unicorn Asset Management's second investment trust, Falcon, has raised £36.152m through a placing an...
Unicorn Asset Management's second investment trust, Falcon, has raised £36.152m through a placing and offer for subscription. The trust, managed by Peter Webb and Paul Harwood, will invest in UK smaller companies with a market capitalisation between £150m and £1bn. It is a follow-up to the Eaglet Investment Trust, which invests in UK smaller companies with a market cap below £150m. Falcon has a management fee of 1% of gross assets, plus a performance fee of 10% of the NAV outperformance of its benchmark, the Hoare Govett Smaller Companies Index ex-investment trusts. Falcon will have ...
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