Temple Bar eyes sustainable future as it steps up efforts to replace Ninety One
Shareholders had only recently rejected the idea of taking a more ethical approach to the portfolio
Investment Trusts
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Moneysupermarket co-founder halves stake in Fundsmith emerging market trust
Simon Nixon was among the trust’s biggest backers at IPO
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Future of India Capital Growth Fund in doubt
Board faces a choice between winding up or taking ‘strong measures’ on underperforming investment trust
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Perpetual Income & Growth says ‘patience ran out’ with Mark Barnett as it hunts for a replacement
Investment trust board says it expects to appoint a replacement UK equities manager over the summer
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Witan dumps Crux and SW Mitchell as it exits all European funds
The two fund houses had been collectively running £200m for the investment trust at the end of 2019
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Rathbones halves its 9% stake in Jupiter trust as Richard Buxton takes over
Renowned fund manager is running investment trust money again for first time in seven years
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Terry Smith successors dial up concentration in emerging markets trust
Fundsmith Emerging Equities Trust lost investors 7% compared with benchmark gains of 14% in 2019
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Boutique manager initiates large stake in ex-Woodford trust as Link exits
Closed-end fund specialist now owns a 7.9% stake in Schroder UK Public Private
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Link sells remaining stake in former Woodford investment trust
ACD had already halved the weighting in the LF Equity Income fund last week at a 74% loss
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Woodford investors nurse 74% losses from liquidity trick employed before suspension
Link sells equity income fund’s stake in the former Woodford Patient Capital Trust at significant discount
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Schroders trust warns former Woodford holdings it will not be an ‘endless source of capital’
Over a quarter of the portfolio is expected to need further financing within the next two years
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Allianz GI admits to ‘unfortunate’ timing of Lucy Macdonald podcast launch
Brunner Investment Trust podcast featuring Lucy Macdonald was promoted days before she stood down as manager