Vanburgh switching to value theme for investment trusts
Hawksmoor Investment Management is positioning its Vanbrugh fund to benefit from an improvement in the economic environment and to withstand further turmoil.
Bolton's Fidelity China special sits reduces gearing
Anthony Bolton’s Fidelity China Special Situations investment trust has reduced its gearing from 125 per cent to 117 per cent, while stock markets around the world remain volatile.
Inv Trust boards failing to take advantage of RDR, says expert
John Newlands of Brewin Dolphin says investment trusts are not taking full advantage of RDR opportunities.
Schroders postpones launch of commodities investment trust
Trust was to be to run by its specialist absolute return multi-managers firm.
Anthony Bolton dismisses China concerns
Fidelity China Special Situations investment trust fund manager Anthony Bolton downplays the tough conditions present in China.
MAM Funds plan Oeic version of diverse income trust
MAM Funds plans to launch a UK equity income multi-cap fund managed by Gervais Williams and Martin Turner.
Cyrun takes over SVM investment trust
Cyrun Finance is now likely to have taken “effective control” after the trust announced Cyrun had bought another large stake this morning.
Witan chief urges Alliance Trust to cut discounts
Alliance Trust, the UK’s largest investment trust, should cut the discount at which its shares trade in the stockmarket, the head of one of its biggest rivals has said.
Alliance Trust rejects activist proposal
Trust calls on shareholders to reject proposal from Laxey, an activist investor, to take a stricter approach to controlling the discount at which the trust’s shares trade.
Closed-ended funds outstrip open-ended, says study
Investment trusts have outperformed open-ended funds in eight of nine key sectors over 10 years in NAV terms, according to research from Collins Stewart.
