Split Capital Investment Trusts
This note provides an explanation of the historic split capital trust 'debacle' in the mid 2000's
Financial services
Briefing
This crisis saw retail investment opportunities offered by major funds and which had purported to be safe and low risk vehicles for investment, unravel in a spectacular way. Investors saw the value of their funds decline by percentages very many times that of the decline in underlying equity markets. Investigations in the aftermath revealed structural weaknesses in the structures of the funds and accusations of a self-serving financial community.
Documents