Richard Staveley returns to helm GHS trust as Gresham House sacked
Former River and Mercantile founding partner abruptly resigned from Gresham House in May
Investment Trusts
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Pantheon to float infrastructure trust on London Stock Exchange
Seeking to raise £300m through a placing of ordinary shares
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Scottish Mortgage bags gold rating from Morningstar ahead of James Anderson’s retirement
£19.1bn trust’s top rating reinstated thanks to falling fund fees
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Investment trusts raise record £8.7bn in 2021 so far
Demand for renewable energy, infrastructure and growth capital trusts sees secondary fundraising surpass 2019 and 2020
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Schroders trust offloads 10% of its Oxford Nanopore holding at biotech firm’s IPO
Oxford Nanopore debuted at a price of 425p per share, netting SUPP £11m
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Schroders swaps out co-manager on former Woodford trust
Ben Wicks will step down from Schroder UK Public Private effective immediately
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Baillie Gifford reduces management fee on £1bn US Growth trust
Move marks the group’s 14th fee cut across its strategies since 2013
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Genesis IM says investors should be allowed to sell EM trust ahead of Fidelity handover
Shareholders should be able to walk close to NAV given the ‘significant’ change in strategy
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Schroders trust welcomes Oxford Nanopore listing but expects to sell down 3.7% stake
Oxford Nanopore represented 21.8% of SUPP’s net asset value on 31 March
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Baillie Gifford late stage growth trust sees another holding eye US listing
New addition to Scottish Mortgage’s unquoted portfolio also hints at possible IPO 18 months down the line
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Acorn Income board recommends ‘voluntary liquidation’ of trust
Comes weeks after the board scrapped plans to appoint BMO Gam as manager
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Michael Lindsell warns investors over LTIT’s burgeoning premium
‘Buying shares in the trust at a premium could lead to a significant loss if stock markets fall and/or LTL’s funds under management decline’