Investment Trusts  

Widdowson launches investment boutique

"The further down the size ladder you go, the greater potential for a skilled manager to find real pockets of value compared to large-cap stocks. There are far fewer closed-ended funds across all sectors compared to open-ended funds."

During his more than seven-year tenure as lead manager of GVQ's Strategic Equity Trust, Mr Widdowson delivered a strong performance for investors.

By the time he left in February last year, the investment trust had returned 174 per cent over the past five years.

eleanor.duncan@ft.com