Personal Assets Trust is a large British investment trust. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.[1] The chairman is Hamish Buchan.[2]
| Headquarters | Edinburgh , Scotland, UK |
|---|---|
| Website | www.patplc.co.uk |
History
editThe company was established through a rights issue by a much larger fund, Atlantic Assets, managed by Ivory and Sime, in 1983.[3] In 1990, an asset manager with Ivory and Sime, Ian Rushbrook, took over the management of the company and decided that it should be "run expressly for private investors".[4] Over the next 25 years, he grew the business significantly and also used it as a vehicle to protect his own family's financial interests.[5][6]
References
edit- ^ "FTSE 250 Index Factsheet". FTSE Russell. Retrieved 22 August 2022.
- ^ "Personal Assets Trust". U.S. Reuters. Retrieved 29 October 2018.
- ^ Angus, Robin. "A Share Journey: Extracts from Personal Assets Trust quarterly reports 1994 to 2021" (PDF). p. 153. Retrieved 18 February 2023.
- ^ "Prospectus" (PDF). Personal Assets Trust. Retrieved 21 April 2012.
- ^ "We are family: seven investment trusts where blood runs deep". City Wire. 29 September 2015. Retrieved 18 February 2023.
- ^ "Obituary: Ian Rushbrook". The Scotsman. 13 October 2008. Retrieved 18 February 2023.