Personal Assets Trust Explained

Personal Assets Trust
Location City:	Edinburgh
Location Country:	Scotland, UK
Homepage:	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 Hamish Buchan.^[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 25 years, he grew the business significantly and also used it as a vehicle to protect his own family's financial interests.^{[5] [6]}

External links

• Official site

Notes and References

1. Web site: FTSE 250 Index Factsheet. FTSE Russell. 22 August 2022.
2. Web site: Personal Assets Trust . Reuters. U.S.. en. 29 October 2018.
3. Web site: A Share Journey: Extracts from Personal Assets Trust quarterly reports 1994 to 2021. 153. Robin. Angus. 18 February 2023.
4. Web site: Prospectus. Personal Assets Trust. 21 April 2012.
5. Web site: We are family: seven investment trusts where blood runs deep. 29 September 2015. City Wire. 18 February 2023.
6. News: Obituary: Ian Rushbrook. The Scotsman. 13 October 2008. 18 February 2023.