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Cazenove Absolute Equity board proposes wind up

Cazenove Absolute Equity’s board proposes to wind up the investment trust

By Rebecca Clancy | Published May 14, 2012 | comments

The board of the £36.3m Cazenove Absolute Equity investment trust has proposed a wind up.

Last year the board of the trust, managed by Cazenove Capital’s chief investment officer Richard Jeffrey, added an amendment to its investment policy with the aim of narrowing its share price discounts.

But while the discount has been narrowed, in a market statement released earlier today the board said the trust “continued to trade at a discount persistently wider than that which the board believes to be acceptable”.

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