Eyewatering Chrysalis performance fee throws investment trust charges in the spotlight
Excluding VCTs – 96 out of 240 investment companies still charge performance fees
Investment
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Redemptions from Nick Train’s UK fund motivated Pearson sale
‘When you have outflows, you have to sell something!’
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UK unicorns stuck in a finance and pharma rut
That said, ‘good investors are not seeking mythical creatures, they want to support the growth of thoroughbreds’
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Gresham House refuses to go quietly after unsolicited approach for £350m trust merger
SEC board hits back at advances from Odyssean to take over Ken Wotton investment trust
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Duo from Woodford comeback venture set up fresh firm
FCA records show Jonathan Adair and Kristian Penttila have set up a separate business
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January offered brief taste of challenges conventional portfolios face
But Ruffer resisted the urge to add meaningfully to equities during the recent weakness
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Investors should rethink exposure to unfashionable UK equities
‘I’ll be pretty confident in seeing UK equity sales pick up in about nine months’
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Did Covid’s ‘creative destruction’ benefit global markets?
Unprecedentedly low central bank rates before the pandemic distorted government and corporate bond prices
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Twentyfour trust urged to let investors vote on £700m merger with UK Mortgages
‘This should be abundantly clear following the missteps that occurred regarding the M&G bid for UKML in 2020’
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Stephen Snowden: Our two-year track record should be enough for fund pickers
Artemis corporate bond funds launched mere months before the Covid-19 sell-off hit
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Simon Barnard: Smithson should have theoretically underperformed in 2021
‘Very small degree of outperformance’ satisfies Fundsmith manager as Treasury yields rise
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AJ Bell trims and simplifies fund charges
It has set a single 0.31% OCF for each of its six multi-asset growth funds
