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Buffett-following investment trust to list in London

Published 09/25/2020, 04:08 AM
Updated 09/25/2020, 04:10 AM
© Reuters. FILE PHOTO: The London Stock Exchange offices in the City of London, Britain

LONDON (Reuters) - An investment trust following the principles of veteran U.S. investor Warren Buffett is to list in London, the trust said on Friday.

Buffettology Smaller Companies Investment Trust intends to raise a minimum of 100 million pounds ($127.52 million) via an initial public offering on the London Stock Exchange, it said in a statement.

The trust will mainly invest in companies listed or traded in Britain, through a portfolio of 30-50 companies with market

capitalisations from 20-500 million pounds.

Sanford DeLand will be the trust's investment manager, led by Keith Ashworth-Lord, CIO of Sanford DeLand Asset Management.

Sanford DeLand manages around 1.4 billion pounds across two open-ended funds.

"The UK small cap market offers excellent investment

opportunities to experienced managers who know what to look for and have the freedom to take a long-term view," Ashworth-Lord said.

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