London Stock Exchange welcomes Castelnau Group Limited to the Specialist Fund Segment to the Main Market
The London Stock Exchange today welcomes Castelnau Group Limited (‘Castelnau’), an investment company established to invest in public and private companies with the aim of outperforming the FTSE All Share Total Return Index over the long term. The ordinary shares of Castlenau will be listed on the Specialist Fund Segment of the Main Market.
Phoenix Asset Management Partners Limited will be the Investment Manager to Castelnau. Phoenix manages approximately £1.3 billion across three funds and Castelnau will benefit from Phoenix’s experience of value investing over the past twenty-three years, with value investor Gary Channon as CIO. Castelnau’s initial portfolio comprises investments in Dignity Plc, Hornby Plc, Stanley Gibbons Group plc and Cambium Group (a wedding gift list service), as well as two ‘enabling’ businesses, Rawnet and Ocula Technologies.