Boring looking real estate fund, but quality names involved and could be a long term growth story here, bought 2500 shares just under 100p, might well top up from time to time.

They note: 'Investment performance has been strong with 100% of assets under management outperforming their benchmarks in 2005.....'

Invista has been spun out from HBOS asset management arm in September, HBOS Insurance & Investment Group Ltd, who still retain 55% of the issued ordinary shares. very promising trading update today.

- It has 8bn under management.

- HBOS has agreed not to dispose of or otherwise deal with any of its Ordinary Shares for a lock-up period of 12 months and it is their stated intention to retain their holding beyond the lock-up period.

- Shareholders include:
Goldman, Sachs & Co - 10,500,000
Goldman, Sachs International - 785,000 - In total GS own 4.26%
Moore Macro Fund LP - 10,500,000 - 3.96%