RESEND: Barnes's Bath Street buys out Milford fund's stake in Complectus

Tue, 05 Aug 2014

(Fixes typo in headline) By Jonathan Underhill Aug. 5 (BusinessDesk) - Andrew Barnes’s Bath Street Capital has acquired the Milford Active Growth Wholesale Fund's interest in Complectus, the company formed to add Perpetual Trust to trustee company Guardian Trust, giving Milford a profit on its three month investment. Complectus acquired Guardian Trust for $68.5 million from Australian investment manager Perpetual, a firm unrelated to Perpetual Trust, in April. The fund managed by Milford Asset Management was a 50-50 co-owner of Complec...

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