Shares in Temple Bar investment trust fell 1p to 549.5p today after it announced that its manager Ch...
Shares in Temple Bar investment trust fell 1p to 549.5p today after it announced that its manager Christopher Burvill is resigning to move from current employer Investec Investment Management to Gartmore Investment Managers.
Investec says his replacement will be Alastair Mundy, who worked with Burvill during the past two years.
Shares in the fund currently trade at a 2% premium to the net asset value, according to Bloomberg data.
In the past year returns have outperformed the benchmark FTSE 350 index by 14%.
Burvill also managed the UK Value, Cautious Managed and Extra Income unit trusts at Investec.
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