Personal Assets Trust

Last updated
Personal Assets Trust
Headquarters
Edinburgh
,
Scotland, UK
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]

Contents

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.
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