US hedge fund Elliott Advisors has launched a fresh attack on the board of Alliance Trust as the war of words between the two parties escalates.
The 127-year-old investment trust urges shareholders to vote against proposals from Elliott Advisors
A number of bids occurred in rapid succession.
VCTs are selling like hotcakes, with more investors chasing fewer top up offers, experts say.
Schroders is looking to raise up to £150m for a new income-focused European commercial property fund.
Slater joins James Anderson as co-manager.
Investment trusts could be labelled “complex” under Mifid II rules which could hit damage high retail participation in the market, the WMA warns.
The number of investment trusts reporting portfolio holdings on a monthly basis has more than quadrupled to 122 over the last two years.
The rotation from growth stocks to value hampered the performance of the £3.2bn Alliance Trust over the opening half of the year.
Property investment house Brandeaux has confirmed that it will list its stricken Brandeaux Student Accommodation fund on the stock market as it seeks to repay investors.
Net inflows boosted the firm’s AUM to £32.2bn over the quarter.