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Friday, 29th August 2008

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SL equity trust values on rise



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A PRIVATE equity trust run by Standard Life Investments has seen the value of its assets rise significantly, despite a "significant reduction" in new investment in the overall market.
The Standard Life European Private Equity Trust, based on George Street, saw net assets rise to £424.6 million, compared to £385.7m six months ago.

The company now has interests in 50 private equity funds with a value of £396.4m, and it holds £28.5m in cash and money market balances.

Chairman Scott Dobbie said: "The company delivered a solid performance against the background of difficult conditions.

"The board believes that the company should continue to generate strong relative and absolute returns over the medium term."





The full article contains 123 words and appears in Edinburgh Evening News newspaper.
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  • Last Updated: 30 May 2008 11:34 AM
  • Source: Edinburgh Evening News
  • Location: Edinburgh
  • Related Topics: Standard Life
 
1

Mallory,

Edinburgh 30/05/2008 19:24:58
What was the overall average performance in the sector?

 

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