Caledonia Investments - Rating Reinstated

By TOM WHITE 05/03/2010

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Following a meeting with Will Wyatt, the new CEO of Caledonia Investments, we have reinstated our 3 star rating on the fund. The trust invests in a focused portfolio of both quoted and unquoted businesses, primarily in the UK but with enough overseas exposure to place it in the AIC Global Growth sector. Caledonia specialises in taking significant minority stakes in businesses, usually combined with a seat on the board, and holding them for the long term - the largest holding, Close Brothers, was originally acquired in 1987. We recently suspended our rating when it was announced that Tim Ingram, the current CEO, was to step down in July. However, having met the incoming CEO and the recently appointed Finance Director Stephen King we are satisfied that the trust’s unique style of investment will be preserved.

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Source: Financial Express