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actual stockmarket investments. – outinbatonrouge.com.

actual stockmarket investments. – outinbatonrouge.com.

Mr Harrison, a very slow process’, and he warns fund managers not to get’ too excited’. Then there is the question of how much the divestment will release for fund managers to manage. Indeed there is no certainty about how much money there is waiting to find managers. The common talk is that the Official Custodian manages 125bn of charity money and as she winds up her role the error is to assume that this should fall into the fund managers’ laps. This seems a gross overstatement, as it includes assets such as National Trust land which can hardly later be sold — even in theory — like shares in ICI. And in any case, the winding down of the Official Custodian’s powers will mean divestment of stockmarket investments but not land, which will stay with her. The Custodian probably manages no more than 1.2bn of actual stockmarket investments. When other tradeable assets are taken into account the total of charity money that might be available for fund management could be between 15bn and 20bn. The vast majority of funds available