Schroders forges ahead with British Opportunities Trust launch as competitors drop out

Schroders confirmed the trust, which will have a seven-year life, would invest 50% of its portfolio in public companies and 50% in private firms, with market capitalisations of between £50m and £2bn. The trust, which will be managed by head of equities Rory Bateman and head of UK and European private equity Tim Creed, will aim for £250m at launch, with the option of issuing further shares, and/or launching 'C' shares in the 12 months from IPO. Schroders to target sustainability and impact with fund launches SBO will be chaired by Neil England, currently chair of Augmentum Fintech a...