Chelverton Asset Management is separating its private capital interests in order to zone in on its "core investment funds" business. In a statement, the group said that the private equity side of its business "has remained less well developed" than its open-ended portfolios and as a result it is being "spun off" as Macaulay Capital PLC, which floated on the Aquis Stock Exchange (AQSE) today. Chelverton's core funds business is comprised of several UK small-cap focused portfolios, many of which are led by the group's founder David Horner (pictured). He has taken on the CEO role of Maca...
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