The likelihood of more corporate activity in the investment trust market is intensifying. Sierra Tra...
The likelihood of more corporate activity in the investment trust market is intensifying. Sierra Trading, a US arbitrageur group, announced it had increased its stake in the £525m Bankers trust, managed by Michael Moule at Henderson Investors. Sierra now control 9.35 million of the trust's shares, equivalent to 6.59% of the trust. The last announced position was 5% in February 2000. Sierra is also believed to have stakes in other international generalist trusts. The announcement came a week after Investment Week reported the futures of some emerging market trusts were under threat with t...
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