Summary
STANDARD Life European Private Equity (Slepe) Trust - the flagship trust of the sector in Scotland - has just suffered the worst year in its history.
Losses in the 12 months to the end of September have totalled nearly GBP 110 million. Net assets have slumped almost 30 per cent and the share price likewise. Investments in other private equity funds have had to be sold to help liquidity and the dividend has been slashed to next to nothing.See the full content of this document
Extract
Comment: Slepe Is Waking Up After a Dire First Half
Few trusts have gone from paradise to purgatory in such short order. Here was a star performer for Standard Life in the 2005-7 private equity boom. During this period, some of the most familiar names...
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