Achilles Investment Company (ticker: AIC) was launched in February 2025, raising £54m from a range of institutional investors. It looks to buy trusts and property companies trading on a wide discount and unlock value via asset disposals, takeovers, and other restructuring measures. Robert Naylor, who has been involved in several trust takeovers and wind-downs, is its investment manager, while Christopher Mills of Harwood heads up its Advisory Group. Achilles produced a 12% NAV rise in its first few months, helped by a successful foray into Urban Logistics, but its NAV per share has since slid ...