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From Wikipedia, the free encyclopedia
Touche Remnant (TR) was an investment trust management company. Touche Remnant Investment Management Ltd was originally part of Touche Ross, became completely independent in 1974.[1] By 1989 they had offices in London, New York and Tokyo.[1]
In 1985 they set up a joint venture with the Bank of Tokyo called the Bank of Tokyo-Touche Remnant Asset Management Limited.[1] In 1989 Paul Manduca became Chief Executive Officer of TR, where upon he engineered their takeover by Société Générale.[2] After sustaining operating losses of £2.1m in 1990 and £3.1m in 1991 TR was bought by the Henderson Group for £42.5m in 1992.[3]
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