Question
Capital Gearing Investment Trust has a very enviable long term record but has been consistently on a hefty premium.This makes buying it expensive.It is run by Peter Spiller.Do you know if the same fund manager runs a similar oiec or unit trust that one can invest in?Answer
I agree, long term performance has been good but the 18% premium at the time of writing makes it expensive. Although provided the premium when you eventually sell is similar to when you bought then it doesn't really make any difference.
There are two open ended versions of the Capital Gearing Investment Trust, run by CG Asset Management (of which Peter Spiller is CEO). Both aim for absolute returns by investing in cash and a range of fixed interest, commodities and equities, often using investment trusts for exposure.
The first, called CG Portfolio Fund, is closed to new investors. The second is the Capital Value Fund, which has a minimum subscription of £100,000 with weekly dealing.
So, I'm afraid, unless you have deep pockets then the investment trust remains the only practical way to access Peter Spiller's fund management talents.
Capital Gearing Investment Trust has a very enviable long term record but has been consistently on a hefty premium.This makes buying it expensive.It is run by Peter Spiller.Do you know if the same fund manager runs a similar oiec or unit trust that one can invest in?Answer
I agree, long term performance has been good but the 18% premium at the time of writing makes it expensive. Although provided the premium when you eventually sell is similar to when you bought then it doesn't really make any difference.
There are two open ended versions of the Capital Gearing Investment Trust, run by CG Asset Management (of which Peter Spiller is CEO). Both aim for absolute returns by investing in cash and a range of fixed interest, commodities and equities, often using investment trusts for exposure.
The first, called CG Portfolio Fund, is closed to new investors. The second is the Capital Value Fund, which has a minimum subscription of £100,000 with weekly dealing.
So, I'm afraid, unless you have deep pockets then the investment trust remains the only practical way to access Peter Spiller's fund management talents.
Read this Q and A at http://www.candidmoney.com/questions/question441.aspx
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