Tavistock Investments has raised £650,000 of equity capital by issuing 32.5m new ordinary shares, with nearly 5% of the company now owned by Hugh Simon, the CEO of Hamon Investment Group.
Simon bought 3 million Tavistock shares, equivalent to 4.94% of the company and was welcomed by the board as a "significant new investor". The remaining shares were bought by members of the management team, including chairman Oliver Cooke and CEO Brian Raven, who now own 4.45% and 10.78% of the company respectively. Simon's multi-asset boutique Hamon Group is based in Hong Kong and London. In the UK, it owns the global emerging market specialist Blackfriars Asset Management, which it acquired from BNY Mellon in 2011. According to Tavistock, the strategic partnership with Hamon Grou...
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