Jim Horsburgh, chief executive of the £1.5bn Witan global growth investment trust, has announced his decision to retire by the AGM in 2009.
He has acted as the company’s CEO since February 2004 and has presided over an eventful time for the trust which switched to a multi-manager investment approach in October 2004. Witan says it will ensure a smooth transition period for Horsburgh’s successor. The announcement was made as part of Witan’s half year results for the six months ending June 30 2007. The net asset value per share of the trust rose 6.3% over the period, reflecting the continuing rise of world equity markets. Despite a correction in February which saw markets fall by around 5%, the FTSE All-Share Index rose by 5.7...
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