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The Investment Management Team

The investment management team has a breadth of experience and knowledge across both public and private investments in the biotechnology and healthcare sectors.

The majority of the Trust's investments made are in public markets and are managed by Dr Carl Harald Janson and his investment management team, Ailsa Craig and Marek Poszepczynski. Private or venture capital investments are made via a venture fund, currently SV Fund VI, under the guidance of Kate Bingham.

Board of Directors

The Board determines and monitors the Trust's investment objective and policy, and considers its future strategic direction: being collectively responsible for the long-term success of the Trust.

They meet formally five times a year, but also meet informally on other occasions, as required. As is appropriate, they have delegated various functions to other parties, the performance of which are regularly reviewed.

The Alternative Investment Fund Manager

SV Health Managers is a specialist healthcare fund manager investing across multiple stages and sectors. SV manages healthcare private equity and venture funds as well as, in the public equities space, International Biotechnology Trust. International Biotechnology Trust benefits from an investment in one of SV’s venture funds, as well as being able to draw on the extensive expertise of SV’s specialist investment team across all four of its focus areas. These focus areas are Biotechnology, Dementia, Healthcare Growth and Medtech.

Key Facts

International Biotechnology Trust Details

  • Inception Date

    6th May 1994

  • Year End

    31st August

  • Results Announced

    Late October / Early November

  • Next AGM

    December

  • Management Fee

    0.9% NAV

  • Performance Fee

    10% of quoted portfolio NBI (£) outperformance plus a 0.5% hurdle

    20% of net gains made from unquoted investments

    See page 26 of the Annual Report

  • Continuation vote

    At AGM in 2021; every two years

  • Dividend

    4% of NAV p.a. bi-annually - please see dividend policy for more details

  • Dividend Payment Dates

    January and August each year

  • Ex Dividend Dates

    December and July each year

  • Next Ex Dividend Date

    December 2020

  • Listed

    London Stock Exchange

  • ISIN

    GB0004559349

  • SEDOL

    0455934 GB

  • Reuters

    IBT.L

  • Bloomberg

    IBT LN

  • Issued Share Capital at 30 June 2020

    38,361,817 (excluding 2,980,846 shares in treasury)

Disclaimer

The information on this website may only be suitable for certain types of investors and is not intended to be used or relied upon by any other person.

An investment with IBT may contain significant risks and is intended only for sophisticated investors who meet certain eligibility criteria.

The material on this website is intended to be viewed only by persons resident in the EEA.

The information on this website is not an offer to sell or a solicitation of an offer and does not constitute investment advice.

No representation, warranty or undertaking, express or implied, is given as to the accuracy or completeness of the information or opinions contained therein.

The information on this website may constitute financial promotion for the purposes of the Financial Services and Markets Act 2000 (“FSMA”).


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