UPDATE: This trust took over Artemis UK Alpha in November 2025, and was renamed Aurora UK Alpha. The manager of Artemis UK Alpha, Kartik Kumar, joined Aurora.

Investment Trust (ticker: ARR) was set up in 1997 to invest in UK stocks. It endured a rocky ride and in advance of its regular three-yearly continuation vote in 2014, it was suggested that the trust would be wound up in 2017 when its long-serving manager was due to retire. Before that could happen, Phoenix Asset Management built up a 23% stake and soon after, in early 2016, it took on Aurora's mandate. Led by Gary Channon, Phoenix des...