One of the great success stories of the UK’s investment industry is under attack
£1,000 invested 30 years ago would be worth £24,200 today, but a US fund casts a dark cloud over the company
Herald Investment Trust was launched in January 1994 with a remit to generate capital appreciation through investments in smaller quoted companies in the areas of technology and communications.
It can invest across the globe, but has played an important role in backing, with hard cash, many of the UK’s most successful technology businesses. Even today, its largest geographic exposure is to UK-listed businesses, standing at 35pc of the portfolio at the end of November.
Herald has had the same investment manager since launch – Katie Potts – who was a leading technology analyst before launching the trust.
The complex, fast-paced and ever-evolving world of small cap technology investing is not for the faint of heart.
Success can be spectacular… read more here