Business
Follow up to Titan termination announcement
Follow up to Titan termination announcement.
About this update from Tavistock Investments Plc
[{"type":"text","content":"\n\n11 July 2024\nTavistock Investments Plc\n(\"Tavistock\" or the \"Company\")\n \nFollow up to Titan termination announcement\n \n \nTavistock confirms the accuracy of the announcement that it made to the market on 8 July 2024. The table below demonstrates the unacceptable performance by Titan.\n \n\n\n\n\n \n\n\nPerformance 27th Aug 22 - 4th Jan 24\n\n\n\n\n\n\n\nPerformance vs Benchmark\n\n\nQuartile Rank\n\n\nFund Rank\n\n\nPercentile Rank\n\n\n\n\nACUMEN Portfolio 4\n\n\n-7.89%\n\n\n4th\n\n\n176/177\n\n\n100th\n\n\n\n\nACUMEN Portfolio 5\n\n\n-8.27%\n\n\n4th\n\n\n177/177\n\n\n100th\n\n\n\n\nACUMEN Portfolio 6\n\n\n-9.72%\n\n\n4th\n\n\n212/215\n\n\n99th\n\n\n\n\nACUMEN Portfolio 7\n\n\n-11.19%\n\n\n4th\n\n\n214/215\n\n\n100th\n\n\n\n\nACUMEN Portfolio 8\n\n\n-13.51%\n\n\n4th\n\n\n157/159\n\n\n99th\n\n\n\n\nAverage\n\n\n-10.12%\n\n\n4th\n\n\n \n\n\n100th\n\n\n\n\nSource of data: FE Analytics\n A claim against Titan has been intimated and is being progressed by Tavistock's legal representatives.\nThe statement made to the press by Titan on 9 July 2024 appears to reflect Titan's view of the dispute, following Tavistock's decision to terminate. Tavistock strongly denies the suggestion of wrongful conduct and considers that Titan's allegations are false and have been put forward as a retaliatory step.\nThe matter is now subject to pre-action correspondence and Tavistock does not propose to comment further at this stage.\n\n\n\n\n \n For further information:\n \n\n\n\n\n\n\n\n\nTavistock Investments Plc\n\n\n\n\n\n\n\n\nOliver Cooke\n\n\nTel: 01753 867000\n\n\n\n\nBrian Raven\n \n\n\n\n\n\n\n\n\nAllenby Capital Limited\n(Nominated adviser and broker)\nCorporate Finance:\nNick Naylor, Liz Kirchner, Daniel Dearden-Williams\nSales and Corporate Broking:\nTony Quirke\n \n\n\nTel: 020 3328 5656\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n \n\n","length":8778,"tagName":"div"}]