Troy to combine income and growth trusts
Troy Income & Growth will merge into the STS Global Income & Growth, subject to shareholder approval
Investment Trusts
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Fidelity and Abrdn line-up £1.2bn China trust merger
Abrdn China Investment Company (ACIC) is being wound up
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‘Cutting away the fat’: Investment trust selectors ‘applaud’ decision of Chrysalis’s board
Chair Andrew Haining told Portfolio Adviser that the move provides ‘a better structure’ to shareholders
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Chrysalis to leave Jupiter and poach managers to create new entity
Investment company is currently trading on a 49.6% discount to net asset value
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Kepler: Edinburgh IT’s succession plan ‘one of continuity’ in run-up to de Uphaugh’s retirement
Kepler analysts expect the investment company’s discount to narrow over time
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Hipgnosis and founder hit with legal claim over alleged ‘diversion of opportunity’
Claim made by Hipgnosis Music Limited
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Treasury’s cost disclosure promise in Autumn Statement ‘welcome’ but pace of change ‘disappointing’
Baroness Altmann warns that a ‘rapid rate of change’ is required
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Schroders REIT changes objective to be more green as it reports NAV dip
The £466m trust owns 40 properties
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MGIM’s Parfect: Give damaging AIFMD regulations for investment companies the red card
Classifying investment companies as AIFs is increasing their optical – and not their actual – fees, write Momentum’s Richard Parfect
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US Solar Fund shareholders approve new manager and policy changes
Motions were passed with 89.6% of votes in favour
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Pacific Horizon’s Durrant: Why the US and Europe are the new emerging markets
Balance sheets across the Asia Pacific region are ‘three times’ stronger than they were during the Asian financial crisis, according to the manager
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JP Morgan to merge UK small and mid cap trusts
Enlarged £430m UK Smaller Companies trust will continue to be managed by Georgina Brittain and Katen Patel