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Pacific Assets Trust launches strategic review after consultation

ALN

Pacific Assets Trust PLC on Thursday said it has formally launched a strategic review following a shareholder consultation.

The Edinburgh-based investment firm targets companies in the Asia Pacific region, including India but excluding Japan.

The company said it anticipates the review to conclude in early second quarter of 2026. It has appointed Investec Bank PLC to assist it with a review of the company’s strategic options, including the investment management arrangements and future investment strategy.

The strategic view follows what the company described in October as a ‘disappointing’ performance in the first half.

Pacific Assets Trust’s portfolio is managed by FSSA Investment Managers as of November, which was when the Stewart Investors business was closed, its previous manager.

‘The board is satisfied that FSSA is well-placed to manage the company’s portfolio with the requisite care and skill during the progression of the strategic review and FSSA will be invited to participate in the strategic review,’ Pacific Assets Trust said.

Shares in Pacific Assets Trust fell 1.1% to 363.00 pence on Thursday afternoon in London.

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