Personal Assets Trust

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]

Personal Assets Trust
Headquarters
Edinburgh
,
Scotland, UK
Websitewww.patplc.co.uk

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]

References
  1. "FTSE 250 Index Factsheet". FTSE Russell. Retrieved 22 August 2022.
  2. "Personal Assets Trust". U.S. Reuters. Retrieved 29 October 2018.
  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.
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