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Charter IT retains £80m in assets

Dresdner RCM Global Investors&#39 Charter European Investment trust has retained £80m of assets at its relaunch following a defeated hostile bid from Henderson.

The trust, now restructured as the Charter Pan-European trust, lost most of its institutional investors after the Henderson bid but managed to hold on to around half of its private investors.

It will now pay off its bank debts and concentrate on a portfolio of European equities.

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