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The Daley Update

Johnny Russell is switching from Edinburgh Fund Managers&#39 US desk to its UK smaller companies team. He will manage the smaller companies portfolio of the £1.4bn Edinburgh investment trust and the £380m Dunedin income and growth trust.

Chase Fleming Asset Management is offering an online dealing service for Isa investors. Applications can be made until 5.30pm on April 5 at www.chaseflemingam.co.uk/transact. CFAM is also offering a range of discounts on its funds until the end of the tax year.

ABN Amro Asset Management is setting up an Isa cafe to tempt last-minute investors. The cafe will be set up at the company&#39s Bishopsgate offices on April 5 and will be open until 8pm. ABN Amro has also teamed up Aberdeen, Cofunds, Henderson, Invesco, M&G, Perpetual Portfolio Management, Schroders and Zurich Scudder Investments to establish last-minute collection points at 12 venues around the UK.

Artemis has issued another three million shares for its Aim VCT after raising its target of £30m last week.

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