Ex-Old Mutual Global Investors UK equities head Ashton Bradbury has been brought on board as a non-executive director on a Hargreave Hale VCT as parent firm Canaccord Genuity Wealth Management looks to boost its fund management business.
Nick Train has said he will not be drawn into investing in oil majors despite the bumper returns they have delivered for his investment trust’s FTSE All Share benchmark.
Blackrock UK equity income duo Adam Avigdori and David Goldman have introduced Barclays to their Income and Growth investment trust, taking the total allocation to banks to 9.9%.
Lindsell Train fee revenue has jumped, according to its latest financial statements, with performance fees almost tripling on the back of strong performance and inflows.
Blackrock has upped its stock lending of Woodford Patient Capital Trust, raising questions about whether a short seller is betting against falls in the investment trust or one its large underlying holdings.
AIC communications director Annabel Brodie-Smith questions why investment trusts fail to keep pace with open-ended alternatives when it comes to wealth manager and adviser inflows.
The number of trusts primarily investing in equities that have a yield of at least 4% has increased to 21 compared with 13 in September 2017, according to Stifel research. Portfolio Adviser looks at the top-10 highest yielding in the sector.
Woodford Patient Capital Trust’s holdings in companies in which its independent directors, including its chairwoman, hold senior positions has raised eyebrows with investors, as they highlight concerns about the board’s ability to act in shareholders’ best interests.
Unicorn Asset Management’s Simon Moon and Fraser Mackersie have apologised to investors in the Acorn Income fund for holding Coviviality as it went under.
Neil Woodford has highlighted his track record for backing biotech winners in his Patient Capital Trust annual review, just one day after Prothena’s share price blow-up.
Invesco has announced it is stepping down as investment manager on the Invesco Perpetual Enhanced Income trust, in a shock move that is being put down to a clash with the board over performance fees.
Fidelity Asian Values has become the second investment trust run by the firm to adopt a variable management fee model.
