Follow up to Titan termination announcement
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Tavistock 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.
Performance 27 th Aug 22 - 4 th Jan 24
| Performance vs Benchmark | Quartile Rank | Fund Rank | Percentile Rank | |
|---|---|---|---|---|
| ACUMEN Portfolio 4 | -7.89% | 4 th | 176/177 | 100 th |
| ACUMEN Portfolio 5 | -8.27% | 4 th | 177/177 | 100 th |
| ACUMEN Portfolio 6 | -9.72% | 4 th | 212/215 | 99 th |
| ACUMEN Portfolio 7 | -11.19% | 4 th | 214/215 | 100 th |
| ACUMEN Portfolio 8 | -13.51% | 4 th | 157/159 | 99 th |
| Average | -10.12% | 4 th | 100 th |
Source of data: FE Analytics
A claim against Titan has been intimated and is being progressed by Tavistock's legal representatives.
The 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.
The matter is now subject to pre-action correspondence and Tavistock does not propose to comment further at this stage.
For further information: Tavistock Investments Plc Oliver Cooke Tel: 01753 867000 Brian Raven Allenby Capital Limited (Nominated adviser and broker) Corporate Finance: Nick Naylor, Liz Kirchner, Daniel Dearden-Williams Sales and Corporate Broking: Tony Quirke Tel: 020 3328 5656
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.