Frostrow Capital, a company set up by four former members of the investment trust team at Close Investments, has already taken over three mandates from Close within a day of being launched.
Headed up by Alastair Smith, the former managing director of Close Finsbury Asset Management, Frostrow Capital is majority owned by its executive team which includes Grant Challis, Mark Pope and Tracy Arthur, all former employees of Close Investments, a subsidiary of Close Brothers Group. The company, as an independent boutique provider of management services to investment companies, claims it is unique in being “exclusively dedicated to performing the entire executive function for investment companies”, with the exception of portfolio management. As a result, it aims to win mandates fr...
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