All Rights Reserved. Your email address will not be published. You can change your choices at any time by visiting Your Privacy Controls. Between them, they possess profound, career-served sector understanding and, unusually in banking, experience of running their own businesses. View recent trades and share price information for City of London Investment Group plc and other shares. Required fields are marked *. The current Chairman of the Financial Services Group of Livery Companies is Mr. Andrew Marsden. All rights reserved. The Company operates through offices in London, the United States, Singapore and Dubai. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. City of London Investment Group PLC is a United Kingdom-based institutional asset manager focused on closed-end fund investments. Find out more about how we use your information in our Privacy Policy and Cookie Policy. At the Group level, the complementary strengths of the merger bring together over 100 employees, covering multiple asset classes, with CLIM and KMI managing a combined US$9 billion in client assets as at August 31, 2020. Any information that you receive via FT.com is at best delayed intraday data and not "real time". Established in 1891, the company is a constituent of the FTSE 250 Index; it is also listed on the New Zealand Stock Exchange. LONDON: City of London Investment Group (CLIG) has entered into a merger agreement to acquire the entire issued share capital of Karpus Management Inc. (KMI), a US-based investment management business, on a debt free basis, to be satisfied through the issue of up to 24,118,400 new shares in the capital of the Company which, based on the closing price of the Shares on the date of the … Ben HarberCompany Secretaryben.harber@shma.co.uk, Link Asset Services LimitedRegistrarenquiries@linkgroup.co.uk, Please ReadTerms & ConditionsData Security PolicyCookie Policy, CompaniesRecogniseAcorn to OaksMilton Homes, © copyright © COLG 2020. The fund is managed by Henderson Global Investors. All rights reserved. The Company offers developed, frontier, tactical asset allocation and private equity closed-end. Our board has over 50 years of combined experience in financial services, including senior positions held with the FCA, the Bank of England, PwC, and EY. Save my name, email, and site URL in my browser for next time I post a comment. KMI is a US SEC-registered investment management business, with its principal place of business located in Pittsford, New York, that uses CEFs amongst other securities as a means to gain exposure for its client base comprising US high net worth clients and corporate accounts. 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The board of COLG is pleased to announce that Recognise, its wholly owned subsidiary has received authorisation with restriction (AwR) (banking licence) from the PRA / FCA. It is listed on the Alternative Investment Market. London Finance & Investment Group P.L.C. Registered Office: 77 Gracechurch Street, London, EC3V 0AS, England. The Company's principal operating subsidiary is City of London Investment Management Company Limited, which acts as its investment advisor and advises on approximately 50 accounts. The City of London Investment Trust aims, to provide long term growth in income and capital, principally by investment in UK equities, with a bias towards large, multinational companies.The Board continues to recognise the importance of dividend income to shareholders. Yahoo is part of Verizon Media. Barclays traces its origins to the goldsmith banking business established in the City of London in 1690. [2] The chairman is Philip Remnant, and the manager since 1991 has been Job Curtis. There is a significant increase in the quality and depth of employee and technological talent along with excellent succession planning for Barry and myself that should ensure top results for our clients for many years to come.”, Your email address will not be published. In recent years the Group has expanded its range to include Developed, Frontier and Global … While the events of this year have created many challenges, our company’s culture remains strong, and we will continue working on behalf of clients and shareholders to meet their expectations. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by FT and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions. is a United Kingdom investment finance and management company listed on the London (Sterling Share Price) and Johannesburg (South African Rand Share Price) Stock Exchanges. The Board of COLG (AIM:CIN) is pleased to report that following our announcement on 10 September 2020 regarding the conditional capital raise and our further announcement on 1 October regarding... We support a range of businesses, providing access to funding arrangements including bridging and development finance for professional services firms. Furthermore, the Board is confident that both businesses are well set to take advantage of opportunities when the situation has stabilised. All content on FT.com is for your general information and use only and is not intended to address your particular requirements. Read the full details here. City of London Investment Group agrees to all share merger with Karpus Management Inc. City of London Investment Trust (LSE: CTY) is a large British investment trust dedicated to investments in UK equities. Registered in England and Wales No. All markets data located on FT.com is subject to the. It has over 150 institutional clients. [3] The fund is managed by Henderson Global Investors. © 2020 City of London Investment Group PLC. City of London Investment Group PLC is an established asset management group with an institutional client focus specialising in Emerging Market closed-end fund investment. It operates in the United States, Canada and Europe. Share price information may be rounded up/down and therefore not entirely accurate. I’m pleased to announce that on Thursday, October 1st, City of London Investment Group PLC successfully completed a merger with Karpus Management Inc., representing a significant milestone in our company’s history. The Chairman. Any opinions or estimates expressed herein are those of Markit on the date of preparation and are subject to change without notice; however no such opinions or estimates constitute legal, investment or other advice. The Company operates through offices in London, the United States, Singapore and Dubai. City of London Investment Group PLC is a United Kingdom-based institutional asset manager focused on closed-end fund investments. 2685257. CITY OF LONDON INVESTMENT GROUP PLC CLIG Our story - Search stock, chart, recent trades, company information, trading information, company news, fundamentals Please sign in or register. And within the property market, equity release through home reversion plans. 2685257. The latest fund information for The City of London Investment Trust Ord, including fund prices, fund performance, ratings, analysis, asset allocation, ratios & fund manager information. It has over 150 institutional clients. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. The chairman is Philip Remnant, and the manager Job Curtis. As we explored a potential relationship of our two firms, we recognized that even though our client bases were different, we were not only achieving excellent investment performance, but we also shared the same view as to the treatment of employees and ownership. You must be a registered user to save alerts. The Company's clients include the United States based pension funds, foundations and endowments. Our investment subsidiaries will continue to operate independently in order to best serve client needs while our financial strength will allow us to continue to make technology investments necessary to compete in our global industry. James Barclay became a partner in the business in 1736. The Board has considered carefully the impact of the COVID-19 pandemic and has concluded that the strategic rationale for the merger remains sound and indeed may have been enhanced given the strong strategic fit of the two businesses, the diversification of the revenue base and risk mitigation which the Directors strongly believe will result from the merger. The City of London Investment Group has reported a drop in pre-tax profit, as the group’s efforts to diversify its business against a “volatile market backdrop” hit earnings. City of London Investment Trust (LSE: CTY) is a large British investment trust dedicated to investments in UK equities. Our Companies We support a range of businesses, providing access to funding arrangements including bridging and development finance for professional services firms.
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