New UK investment fund pulls in less than half of cash target

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By Aidan Gregory
27 Nov 2020

Schroder British Opportunities Trust, a new listed fund set up by Schroders to invest in undervalued UK equities, has completed its IPO on the London Stock Exchange, raising just £75m.

That figure was way below the £250m targeted in the fund’s intention to float document earlier this month.

Peel Hunt was bookrunner on the IPO. The trust will be managed by Rory Bateman, head of equities at Schroders, and Tim Creed, head of UK and European private equities, ...

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