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Witan ups Europe exposure with new manager appointments

Witan ups Europe exposure with new manager appointments

Witan Investment Trust (WTAN) has appointed Crux Asset Management and SW Mitchell Capital to run its European equity allocation. They have taken over the portion Marathon Asset Management ran and been given a further £24m from cash resources. Each manager has been allocated around £100m – about 5 per cent each of Witan's assets – to try to outperform the FTSE Europe ex-UK index. The change was implemented in late October and the trust now has 10 external managers.

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