Personal Assets Trust

Personal Assets Trust

Company type	Public
Traded as	LSE:  PNL FTSE 250 component
Founded	1983;42 years ago (1983)
Headquarters	Edinburgh , Scotland
Key people	Iain Ferguson (chair)
Website	www.patplc.co.uk

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 Iain Ferguson CBE. ^[2]

History

The 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 18 years, he grew the business significantly and also used it as a vehicle to protect his own family's financial interests. ^{[5] [6]} In 2009, it came under the management of Troy Asset Management, who subsequently appointed Sebastian Lyon and, from 2025, Charlotte Yonge as managers of the fund. ^{[7] [8]}

References

1. "FTSE 250 Index Factsheet". FTSE Russell. Retrieved 22 August 2022.
2. "Iain Ferguson CBE". Cranfield University. Retrieved 12 May 2025.
3. Angus, Robin. "A Share Journey: Extracts from Personal Assets Trust quarterly reports 1994 to 2021" (PDF). p. 153. Retrieved 18 February 2023.
4. "Prospectus" (PDF). Personal Assets Trust. Retrieved 21 April 2012.
5. "We are family: seven investment trusts where blood runs deep". City Wire. 29 September 2015. Retrieved 18 February 2023.
6. "Obituary: Ian Rushbrook". The Scotsman. 13 October 2008. Retrieved 18 February 2023.
7. "Troy in double manager promotion on Personal Assets Trust and STS Global Income". AIC. 27 March 2025. Retrieved 12 May 2025.
8. "Personal Assets Trust appoints Troy as new manager". Reuters. 3 March 2009. Retrieved 12 May 2025.

External links

• Official site