Mark Barnett Sacked from Edinburgh Investment Trust

Mark Barnett has been sacked by the board of Edinburgh Investment Trust following disappointing performance, just weeks after being downgraded by Morningstar analysts

Holly Black 11 December, 2019 | 9:01AM

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Mark Barnett has been sacked from running the Edinburgh Investment Trust (EDIN) after more than three years of underperformance. The trust will also lower its fees and move to a tiered charging structure, in a major shake-up by the Board.

It comes just weeks after the funds run by the protégé of Neil Woodford were downgraded by Morningstar analysts amid performance and liquidity concerns.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Edinburgh Investment Ord485.00 GBX3.85
Perpetual Income & Growth Ord232.00 GBX5.69

About Author

Holly Black  is Senior Editor, Morningstar.co.uk

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