Greenwood plans investment trust of investment trusts
Iimia, a UK-based investment manager, is launching a London-listed investment trust of investment trusts that will aim to outperform open-ended funds of funds by taking advantage of narrowing share price discounts, as well as increasing net asset values (NAV). Nick Greenwood, CIO of Iimia, will use the flexibility of the closed-ended vehicle to run a more concentrated version of his current open-ended product, the Iimia Accelerated fund. The Accelerated fund has delivered a total return of 44% since launch on 30 April 2003 to the end of January and is ranked second in its Active Managed s...
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