Andrew Bell retires from Witan triggering management review
The £1.5bn trust will review its multi-manager strategy as Bell leaves after 14 years as CEO
Author: Tom Aylott
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The income-generating trust sector trading at ‘ridiculous discounts’
Infrastructure trusts are trading at steep discounts, but could be overdue a re-rating
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Edentree expands responsible investment team
Hayley Grafton will lead the firm’s corporate governance and proxy voting work
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Abrdn and Fidelity seal China trust merger
Fidelity China Special Situations will buy £126.6m of Abrdn China’s assets
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Latitude IM’s James Foster joins IIMI board
The Latitude COO will promote boutique investment firms at the thinktank
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Parker Review: Most FTSE 100 companies have ethnic representation – but private companies are lagging
Same four blue-chip companies lack ethnic minority board representation
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Alliance Trust: There’s more to markets than the Magnificent Seven
The £3.4bn trust outperformed global markets despite an underweight to the Magnificent Seven – and no exposure at all to Apple and Tesla
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Spring Budget 2024: National Insurance cut by 2% – but could be a ‘sneaky tax grab’
‘Double-whammy’ of cuts will lower the main NI rate from 12% to 8%, but could ultimately see UK workers unknowingly pay more
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Abrdn American Income Equity closes after largest shareholder exits
The divestment took a substantial portion of the fund’s assets, making it ‘no longer commercially viable’
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RSMR makes Passive Plus MPS range available to wider market
The portfolios are now available to advisers across platforms
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Shareholders approve wind-down of Abrdn Diversified Income and Growth
The trust will repay £115m in the first half of the year, but the remaining £188.8m may not fully mature until 2029 at the earliest
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AIC: Trust purchases turn negative for the first time since 2011
Sales of investment companies overtook purchases by £53m