Aurora Investment Trust plc (LON:ARR) run by Portfolio Manager Gary Shannon at Phoenix Asset Management Partners has been awarded Best UK All Companies Trust 2024 by Citywire in their annual LSE performance awards.
Fidelity Special Values was narrowly pipped to the post having won the award in 2023.
The performance data provided by Citywire shows the three-year total shareholder return for Aurora Investment Trust is 20.12% and the three-year NAV total return is 13.56%.
The panel of four judges consisted of Charlotte Cuthbertson of Asset Value Investors, Ewan Lovett-Turner of Deutsche Numis, James Burns of Evelyn Partners and Mick Gilligan of Killik & Co. Citywire’s head of research Frank Talbot oversaw the performance data.
Steve Tatters, Chief Operating Officer at Phoenix collected the award in person.
The Board of Aurora Investment Trust plc recently announced on 2 September 2024 that it had agreed terms with the Board of Artemis Alpha Trust in respect of a proposed combination of both companies assets. The combination, if approved by Existing Aurora Shareholders and Artemis Alpha Shareholders, will be effected by way of a scheme of reconstruction and members’ voluntary winding up of Artemis Alpha under section 110 of the Insolvency Act and the associated transfer of part of the cash, assets and undertaking of Artemis Alpha to Aurora in exchange for the issue of new ordinary shares of 25 pence each in the capital of the Company to Artemis Alpha Shareholders who are deemed to have elected for the Rollover Option.
Following implementation of the proposals, it is intended that the enlarged company will continue to be managed on the same basis as it is currently. In particular, the Company’s investment objective and investment policy will not change as a result of the implementation of the proposals, and the portfolio will continue to be managed by the Phoenix Partners Asset Management Limited with Gary Channon continuing as lead portfolio manager. However, the Board intends to change the name of the Company to “Aurora UK Alpha plc” as soon as practicable following the effective date.
