Blackrock manager Sam Vecht has suffered a further blow as the frontier markets fund he manages with Emily Fletcher is downgraded, less than two weeks after an investment trust he co-manages revealed it is winding up.
Neil Woodford has seen his stake in an unquoted cancer treatment company jump $35.4m in his investment trust as it announces pricing on its initial public offering.
Large Russia exposure is being blamed for unexpectedly high shareholder interest in a tender offer in Blackrock Emerging Europe, which is now set to shut up shop.
Lindsell Train has defended its use of a government bond benchmark for its eponymous investment trust as it rakes in £2.8m in performance fees.
The board of Ranger Direct Lending has agreed to close up shop and pursue a wind-down strategy but shareholders are still calling for fresh blood on the board at a pivotal moment for the company.
Invesco Perpetual fund managers Paul Read and Paul Causer have blamed the behaviour of Enhanced Income chairman Donald Adamson for their resignation from the mandate.
Baillie Gifford has refused to comment on why it did not disclose the exit of a named fund manager on its US Growth trust less than a week after launch.
Active managers have failed to live up to their promises in the US market, but by getting a few key ingredients right active management can be a powerful force for wealth creation, argues Gary Robinson, manager of the Baillie Gifford US Growth Trust.
Several major shareholders have called for the wind-up of Ranger Direct Lending Fund and a complete overhaul of the board amid its deteriorating performance.
The Templeton Emerging Markets Investment Trust board has blamed market volatility rather than the sudden exit of its lead manager Carlos Hardenberg for the widening of its discount in February and March.
Scottish Mortgage has signaled confidence in its portfolio of growth companies and tech names by increasing gearing on the £7.7bn investment trust 30%.
European regulatory disclosure focused around Key Information Documents is creating confusing messages around risk, argues Association of Investment Companies communications director Annabel Brodie-Smith.
