BC Asset Management has raised £97.75m for the launch of its US Growth & Income closed end fund Som...
BC Asset Management has raised £97.75m for the launch of its US Growth & Income closed end fund Some 40% has come via Royal Bank of Scotland, which is providing the company with an eight-year fixed interest loan facility. The company's asset pool will be split into two roughly equal divisions, one of which will be investing in US securities, managed by Andrew Neesom. The other, managed by David Bruce, will invest in split capital investment trusts and closed end funds. According to a spokesman for company brokers Hoare Govett, the principal investment objective of the trust is to provide...
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