Personal Assets Trust is a large
British
British may refer to:
Peoples, culture, and language
* British people, nationals or natives of the United Kingdom, British Overseas Territories, and Crown Dependencies.
** Britishness, the British identity and common culture
* British English, ...
investment trust. The company is listed on the
London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St P ...
and is a constituent of the
FTSE 250 Index. The
chairman is Hamish Buchan.
History
The company was established through a rights issue by a much larger fund, Atlantic Assets, managed by
Ivory and Sime, in 1983. 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".
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.
References
External links
Official site
{{Authority control
Companies listed on the London Stock Exchange