That is how Christian Pittard, head of funding trusts and managing director, company finance at abrdn, described the previous seven days and 12 months of the funding belief sector, because it ends a significant 12 months of change.
In response to the Affiliation of Funding Corporations, there have been a complete of ten mergers between funding trusts, doubling the earlier report set in 2021.
Moreover, there have been 5 liquidations, 32 mandates modified their charges and 6 funding trusts had been acquired throughout 2024.
Saba slammed for ‘apparent flaw’ in technique to oust boards of seven funding belief…
