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Tavistock Investments Plc confirmed its 8 July 2024 announcement and presented performance data for ACUMEN Portfolios 4-8 managed by Titan, which recorded returns ranging from -7.89% to -13.51% between 27 August 2022 and 4 January 2024. Tavistock stated that a claim against Titan has been intimated and is being progressed by its legal representatives, and denied allegations of wrongful conduct made by Titan on 9 July 2024.
| Date | 11 Jul 2024 |
| Time | 07:00:06 |
| Category | Corporate updates |
| ID | 9425V |
11 July 2024
Tavistock Investments Plc
("Tavistock" or the "Company")
Follow up to Titan termination announcement
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.
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Performance 27th Aug 22 - 4th Jan 24 |
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Performance vs Benchmark |
Quartile Rank |
Fund Rank |
Percentile Rank |
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ACUMEN Portfolio 4 |
-7.89% |
4th |
176/177 |
100th |
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ACUMEN Portfolio 5 |
-8.27% |
4th |
177/177 |
100th |
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ACUMEN Portfolio 6 |
-9.72% |
4th |
212/215 |
99th |
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ACUMEN Portfolio 7 |
-11.19% |
4th |
214/215 |
100th |
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ACUMEN Portfolio 8 |
-13.51% |
4th |
157/159 |
99th |
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Average |
-10.12% |
4th |
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100th |
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.
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For further information:
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