Brunner Investment Trust (ticker: BUT) was launched in 1927 by the Brunner family and they remain involved today with a 29% stake and a seat on the board. Allianz and its predecessor firms have managed the trust for several decades although there have been a number of changes at the fund manager level in recent years. The current team, led by Christian Schneider and Julian Brown, has been in charge since July 2022. Brunner runs a concentrated portfolio of around 60 stocks looking for quality and growth characteristics combined with reasonable valuations. It is much more UK-weighted than other ...