AITC team to look at liquidity

Professional Adviser
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The AITC is setting up a committee to examine investment trust liquidity and see what actions boards...

The AITC is setting up a committee to examine investment trust liquidity and see what actions boards can take to reduce their spreads, writes Adam Lewis. Simon Colson, formerly head of investment trusts at Deutsche, will be in charge of the research, while Daniel Godfrey, chairman of the AITC, will head up the committee. Other members include Rod Birkett, chief executive of investment trusts at JPMorgan Fleming, and Lough Callahan, consultant at Ernst & Young and former head of closed end funds at Mercury. This follows the withdrawals of brokers Credit Suisse, Merrill Lynch and most r...

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