Tribune finds home for Tennants windfall

Mark Baring, fund manager of Tribune Trust is looking to invest the proceeds of last month's share repurchase at the trust's largest unquoted holding, Tennants Consolidated, into other companies in the unquoted sector. At present, around £10m, some 5%, of Tribune's total capital is invested in unquoted companies and this figure is expected to increase. Baring said: "We are considering using the money, which comes to about £2m, raised from the Tennants repurchase for further investment in the unquoted sector." Returns from unquoted companies recently have been very good, especially from v...