Pzena Investment Management and Tweedy, Browne Company replace two of the trust’s long-standing US managers.
Third Plenum meeting in Beijing could be the catalyst for a change in stance.
The restructure of the suspended EEA Life Settlements fund will not be approved by regulators in Guernsey until further information is provided by the fund’s board.
Dale Nicholls may raise Fidelity China Special Situations’ exposure to industrials and reduce weighting to banks when he takes over portfolio.
Venture capital trusts’ funds under management are at the highest point since their 1995 launch.
Jupiter has hired former F&C man Robert Siddles to manage US small cap portfolios, winning an investment trust mandate in the process.
Investors in the suspended EEA Life Settlements fund have voted in favour of a restructured proposed by its board last month.
Alliance Trust Investments managing director Edward Troughton is set to leave the firm.
Suspended EEA Life Settlement fund accused of scaremongering after warning investors that they face “a huge capital loss” if they do not vote in favour of a restructure.
Ilario Di Bon takes advantage of recent weakness in emerging markets to add Mexican names, thanks to the country’s “compelling” structural story.
The latest monthly report also says the “majority of investment trusts offer reasonable liquidity”.
Alliance Trust Investments has added two new members to its fixed income team
Manager of the trust Ben Whitmore has brought down or sold 25 holdings in a plan to further reduce the coverage ratio and boost diversification.
Shareholders will vote on the proposal next month.
The Threadneedle Asset Backed Income fund will target a net yield of 6 per cent.
Additions take the number of ETFs and investment trusts to almost 200.
Boosted by a strong rising market on the back of ‘Abenomics’ Japan funds were the overall investment trust winners for the first six months of the year.
JP Morgan Asset Management has promoted Simon Crinage to head up its investment trust business with immediate effect.
JP Morgan Asset management has promoted Simon Crinage to head up its investment trust business with immediate effect.
Jeremy Tigue’s Foreign & Colonial investment trust has a new benchmark and two new sub-portfolios.
F&C has made a number of changes to Jeremy Tigue’s Foreign & Colonial investment trust, including a new benchmark and the creation of two sub-portfolios.
Major platforms are being too slow to offer whole of market products to IFAs, including investment trusts, in the run-up to the RDR, warns Henderson’s James de Sausmarez.