Lindsell Train staff pay averages £1m
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.
Investment Trusts
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Blackrock ups stock lending in Woodford trust
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.
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Mind the performance gap between Oeics and investment trusts
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.
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The 10 highest yielding equity trusts
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.
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Woodford Patient Capital directorships raise eyebrows
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.
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Unicorn duo apologises for holding Conviviality
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.
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Prothena blow-up overshadows Woodford investment trust results
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.
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Invesco puts foot down on fee pressure
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.
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Fidelity Asian Values adopts variable fee
Fidelity Asian Values has become the second investment trust run by the firm to adopt a variable management fee model.
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Woodford fails to disclose increased Russian holding
Woodford Investment Management has admitted it failed to disclose increases to its Raven Russia holding made over the last year, as it continues to add to the investment company in the wake of US sanctions.
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Temit investors recommended to switch to Mobius rival
The JP Morgan Emerging Markets Investment Trust has been touted as a stable alternative to Templeton Emerging Markets Investment Trust, where careful succession planning following Mark Mobius’s retirement was thrown into disarray with the sudden departure of his replacement Carlos Hardenberg earlier this year.
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The 10 worst investment trusts for performance in Q1
Infrastructure delivered some of the worst performers among investment trusts in Q1 on the back of Carillion’s collapse and fears in the UK of a Labour-led government, while Donald Trump is getting the blame for falls in US investment trusts as well as biotechnology portfolios. Portfolio Advisers looks at the 10 investment trusts that fared…