Henderson cuts fee on Pattullo and Barnard trust
The board of Hendersons Diversified Income trust has decided to reduce the vehicles management fee from 0.75% to 0.65% of gross assets.
Investment Trusts
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Falling greenback weighs on Aberdeen PE trust
Aberdeen Private Equity fund has blamed the fall of the dollar against sterling for its 5.8% drop in share price over the six months to 30 September, declining to 103.6p.
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British Assets trust to focus on best ideas
Closed-end fund British Assets is to shake up its investment approach in the hope of delivering higher returns.
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Gillan to hand Edinburgh Dragon to Lim
Andrew Gillan has decided to leave Aberdeen Asset Management, handing over his Edinburgh Dragon investment trust to Adrian Lim. He is understood to be joining Henderson.
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TwentyFour set to boost trust suite
Fixed income house TwentyFour Asset Management is set to pounce on the success of its first closed-end launch with the addition of more investment trusts to its range.
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Gold bets hurt Pennink trust but manager upbeat
Gold miners have dragged down the performance of British Empire, but managers John Pennink and Joe Bauernfreund are upbeat on the investment trust’s outlook.
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Ruffer Why we lack faith in buoyant equities
Ruffer’s Steve Russell and Hamish Baillie have said they lack faith in today’s buoyant equity market because the best argument for buying stocks is there are few alternatives.
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Riverstone to spend 100m on unexplored plays
Riverstone’s new energy fund has ploughed $100m into capturing unexplored opportunities.
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Euro small caps stellar run is only just beginning
Increased confidence in the Eurozone, together with a discounted market and improving earnings, means small and medium-sized companies in the Eurozone are “a good place to be”, said Ollie Beckett, manager of the TR European Growth Trust.
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Williams moves to protect Diverse Income Trust
Gervais Williams has taken out protection on roughly a third of his Diverse Income Trust portfolio.
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Fidelity Special Values board reassured
Alex Wright can rise to the challenge of running Fidelity Special Situations alongside Fidelity Special Values, his trust's board has reassured, as the star small cap manager caps his first year on the closed-end fund with a 63% rise in its share price.
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Time to take contrarian call on Hambro
It is a rare thing to hear Evy Hambro described as a “contrarian call” but his trust has taken the strain on the back of pressures in the commodities space.