Investment company news bought to you by Citywire Financial Publishers Limited. 
12:09 Wed 01 Sep 2010
Gervais Williams quits Gartmore
Gartmore UK Smaller Companies head Gervais Williams (pictured) has quit Gartmore.
10:05 Wed 01 Sep 2010
BlueCrest AllBlue hits 5% return target
Single-managed hedge fund BlueCrest AllBlue has continued to deliver during the first half of 2010, returning on-target net asset value (NAV) growth throughout the first six months of the year.
09:05 Wed 01 Sep 2010
Bankers Investment Trust backs Europe to prosper
The Bankers Investment Trust is looking to European regions France and Germany to help it continue its strong run.
09:01 Wed 01 Sep 2010
Ruffer to raise up to £50 million
Ruffer Investment Company hopes to raise up to £50 million via a private share issue proposed on the back of its strong performance.
10:16 Tue 31 Aug 2010
Witan hands over £100m to Lindsell Train and NewSmith
Witan investment trust has outsourced two £100 million mandates - one to Lindsell Train and the other to NewSmith Asset Management - as part of a drive to push its multi-manager strategy towards a more active approach.
03:18 Tue 31 Aug 2010
Candover considers cash return after dire first half
Candover Investment Trust may return cash to shareholders after its net asset value (NAV) slumped more than 10% in six months.
09:36 Fri 27 Aug 2010
Brevan Howard Global poised to pounce on commodities
Hedge fund Brevan Howard Global could soon move into the commodities space as its manager seeks to stave off the impact of market volatility.
10:49 Thu 26 Aug 2010
ING UK Real Estate Income Trust bags £20m profit
The ING UK Real Estate Income Trust, which has seen its net asset value rise by 10.8% over the first six months of the year, has negotiated a new debt facility.
09:11 Thu 26 Aug 2010
HgCapital Trust outperforms as private equity deals hit two-year high
Private equity investment trust HgCapital Trust outperformed its benchmark during the first six months of the year as European private equity deals gathered momentum.
03:59 Thu 26 Aug 2010
Henderson Private equity trust faces wind-up
Henderson Private Equity trust is proposing to close the £63 million investment company to new and existing investors.
10:42 Wed 25 Aug 2010
M&G Equity trust board reveals details of wind-up plans
The board of M&G's £198 million Equity trust has outlined the details of its wind-up planned for next year.
12:19 Tue 24 Aug 2010
Mark Barnett's PIGIT to pay first quarterly dividend
Mark Barnett's Perpetual Income and Growth Investment Trust has announced its first ever quarterly dividend payout.
10:42 Mon 23 Aug 2010
F&C Private Equity Trust hurt by fragile euro
The F&C Private Equity Trust was hit by currency weakness in the first half of 2010, causing its portfolio to shrink by around 2%.
09:25 Mon 23 Aug 2010
BH Macro: EU banks will face second tough test
European banks are poised to face an even bigger challenge than the stress tests as they seek to renegotiate their liquidity lines over the coming quarter.
08:37 Fri 20 Aug 2010
Revealed: The worst five absolute return funds over three years
Absolute return funds are designed to deliver in all market conditions but Citywire analysis of the sector has revealed the five portfolios that have let investors down the most.
01:05 Fri 20 Aug 2010
Personal Assets Trust slashes equity exposure
Sebastian Lyon, manager of one of the country's most recognised investment trusts, predicts investors will soon turn to well-known blue chips despite their spell of unremarkable performance.
12:23 Thu 19 Aug 2010
Bolton looks to financials to transform China trust performance
Fidelity Investments' Anthony Bolton (pictured) is backing Chinese financials, taking a 32.4% stake in the sector in his £523 million investment trust.
10:57 Thu 19 Aug 2010
Edinburgh Partners follows Ruffer into Japan gamble
Edinburgh Partner's EP Global Opportunities trust has near quadrupled its exposure to Japan over the past year, taking its allocation to the second largest regional call in the portfolio.
12:07 Wed 18 Aug 2010
Cheyne Capital looks to raise £22m for Queen's Walk
Queen's Walk Investment plans to raise 26.6 million (£22 million) to help it focus on the European real estate debt market.
09:52 Tue 17 Aug 2010
Witan manager Bell to run focused high-conviction portfolio
Witan Investment trust has outperformed relative to its benchmark over the fist six months of 2010, returning -1.9% while its comparative index fell 3.8%.
09:51 Mon 16 Aug 2010
Investors plough £52 million into Aberdeen Latin American trust
Aberdeen Asset Management's Latin American Income trust has raised £52 million during its offer period.
10:42 Fri 13 Aug 2010
Nick Train spots future value in big media stocks
A decade after the technology boom, Nick Train has forecast a new bull market driven by changes in the online media sector.
07:51 Wed 11 Aug 2010
Ignis 'disappointed' at failed F&C merger
Ignis Asset Management has reiterated its stance that a merger of the F&C Commercial Property Trust (FCPT) and its UK Commercial Property Trust (UKCPT) should go ahead.
10:14 Tue 10 Aug 2010
Rupert Dyson quits SR Europe
Rupert Dyson has announced he will stand down from running the £85 million SR Europe trust.
02:12 Mon 09 Aug 2010
Shareholders were right to vote down property trust merger
Today F&C Commercial Property trust failed to secure the backing of enough minority shareholders to push through its merger with UK Commercial Property trust.
01:46 Mon 09 Aug 2010
Controversial F&C Property trust merger will not go ahead
Minority shareholders in the F&C Commercial Property and UK Commercial Property Trust have voted against proposals to merge the two vehicles.
12:01 Fri 06 Aug 2010
Jonathan Ruffer: in a boggy world, Japan is a rare land mass
Jonathan Ruffer has told investors in his Ruffer Investment Company the fortunes of the fund over the next year will come down to a binary play on Japan.
10:00 Tue 03 Aug 2010
HgCapital Trust ploughs £28.5m into Italian tech group
HgCapital Trust, the £273 million private equity company, has made one of its biggest acquisitions to date after piling £28.5 million into an Italian software and services provider.
08:30 Mon 02 Aug 2010
Investment Trusts: Tech trusts are the next core value play
Technology funds appear to be back in vogue with many investors. Several analysts have been drawing attention to technology companies' strong earnings growth, cash-rich balance sheets and attractive valuations. Technology specialist open-ended funds have seen inflows, and bellwether Polar Capital Technology's shares have recently traded at a premium to their net asset from a discount of more than 20% early last year.
10:45 Fri 30 Jul 2010
Electra seen as top pick for private equity
Private equity trust Electra saw its share price fall by 10.1% in the second quarter, although it still fared better than the FTSE All Share which was down by some 12%.
07:41 Fri 30 Jul 2010
Foreign & Colonial delivers despite £2.3 million hit from BP
The suspension of BP's dividend has stripped £2.3 million of income from Britain's oldest investment trust Foreign & Colonial, but the trust will leave its own dividend unchanged.
01:10 Fri 30 Jul 2010
Saints hikes divi and expects shareholder payouts to rise
Patrick Edwardson has increased his Scottish American Investment Trust's (Saints) second interim dividend and is confident payouts will soon recover to their pre-2009 levels.
10:28 Wed 28 Jul 2010
Witan drops Wellington in European restructure
Witan Investment Trust has made its first significant portfolio change since Andrew Bell (pictured) took over as chief executive in February, by restructuring its European mandates.
04:32 Wed 28 Jul 2010
Sarah Bates to become AIC chairman next year
Sarah Bates is to succeed Carol Ferguson as chairman of the Association of Investment Companies.
12:26 Tue 27 Jul 2010
Martin Currie's surviving UK equity fund fears income concentration
Ross Watson's exposure to the mining and banking sector has offset the damage done to his Securities Trust of Scotland by his sizeable position in BP in recent months.
09:16 Tue 27 Jul 2010
Roger Guy goes defensive on US and Chinese growth concerns
Gartmore European star Roger Guy has gone defensive after a choppy second quarter saw his European investment trust drop 16.8%.
08:30 Mon 26 Jul 2010
The investment trusts to replace Gartmore European
Guillaume Rambourg's departure from Gartmore has been big news in recent days and having been prompted by all the headlines, I have been looking at the performance record of the Gartmore European Trust and. For all the fuss, their performance over the past few years is not that sparkling relative to their peer group.
08:05 Mon 26 Jul 2010
Bolton on why China could lead next leg of bull market
Fidelity Investments' Anthony Bolton is predicting a multi-year bull market with China leading the way.
10:25 Wed 21 Jul 2010
Investment Line: Now could be the moment to buy back into China
It has been a torrid year for Chinese equities. While the Chinese themselves have been floating above the economic recession their shares have been dire underperformers.
09:45 Wed 21 Jul 2010
Schroder Income Growth trust stung by BP exposure
Sonja Schemmann's Schroder Income Growth trust lagged its benchmark by 3% during the second quarter of 2010.
07:57 Fri 16 Jul 2010
US fund abandons bid for embattled Candover Investments
The US pension fund that had been in discussions to acquire Candover Investments has terminated the discussions.
05:30 Fri 16 Jul 2010
Rothschild piles into sterling and reduces US dollar and euro positions
RIT Capital Partners is selling out of its US dollar and Euro exposure and switching into Sterling.
10:23 Thu 15 Jul 2010
Bolton: 'BP is a once in a lifetime opportunity'
Legendary Fidelity investor Anthony Bolton believes BP now represents a once in a lifetime opportunity for investors to buy in.
08:46 Thu 15 Jul 2010
Trust discount offers passive investors cheap entry to All-Share
Edinburgh UK Tracker has seen its discount widen close to its year-high, pushing past the 6% mark in February, where it has remained almost ever since.
12:17 Tue 13 Jul 2010
Invista Foundation set to raise £13 million
The Invista Foundation Property trust could raise up to £13 million through the issue of a raft of ordinary shares to the market.
09:54 Tue 13 Jul 2010
Perpetual Income & Growth returns to form
Mark Barnett upped his Perpetual Income and Growth trust's (Pigit) consumer services exposure to help it weather a turbulent second quarter that saw market volatility hit its peak for the year so far.
09:29 Mon 12 Jul 2010
Asset managers drive Artemis Alpha's outperformance
John Dodd's Artemis Alpha trust has seen the value of its portfolio swell by more than 40% in 12 months, with new holdings in asset management firms a key driver of performance.
08:58 Fri 09 Jul 2010
Ruffer piles into Japanese property, life assurance and B2B
Ruffer Investment Company has bulked out its holding in Japan, piling into life assurance, property and business-to-business stocks.
06:18 Thu 08 Jul 2010
Fund of the Week: Ruffer Investment Company
Ruffer, a pioneer of 'absolute return' investing, has consistently delivered strong returns to investors in all market conditions.
11:58 Wed 07 Jul 2010
Investors Capital trust forced to cut divi by 20%
Mounting dividend cuts by banks and oill giant BP has forced the Investors Capital Trust to slash payout to shareholders by 20%.
08:30 Mon 05 Jul 2010
Tom Tuite Dalton: The top three trusts for income
The BP dividend suspension and share price fall have highlighted the advantage of income diversification. The investment company sector has much to offer in terms of funds offering income diversified by sector, geography, market cap and asset class, and ought to attract significant investor interest as a result.
12:20 Fri 02 Jul 2010
Jupiter Green trust to restructure in plan to reach £100 million
A dramatic overhaul of the Jupiter Green Investment Trust is underway as the company attempts to double in size within two years.
04:10 Thu 01 Jul 2010
Gibbs backs tobacco bonds to weather volatile markets
Jupiter star manager Philip Gibbs has taken key bets in bonds issued by tobacco companies as he seeks safety for investors in turbulent times.
08:30 Wed 30 Jun 2010
Stephen Peters: It is not clear who the F&C Property merger benefits
The recently announced merger of the F&C and UK Commercial Property Trusts (FCPT and UKCM respectively) has been taxing the mind of the investment trust sector of late. It is effectively (although not legally) a takeover of the F&C vehicle by UKCM, a NAV-for-NAV merger meaning no significant immediate benefit for F&C shareholders.
07:00 Fri 25 Jun 2010
Analyst rips apart planned F&C/Commercial Property trust merger
F&C Commercial Property trust (FCPT) could find the value of its key assets compressed if the merger with the UK Commercial Property Trust (UKCPT) is pushed through by shareholders.
12:41 Thu 24 Jun 2010
Alex Crooke urges 'anaemic' firms to resume investment
Alex Crooke believes now is the time firms to end the freeze on recruitment and investment otherwise they will continue to deliver 'anaemic' growth.
09:16 Tue 22 Jun 2010
Montanaro: Full small cap recovery three years away
It could take more than three years for the UK smaller companies sector to recover from one of its worst slumps in nearly two decades, investment trust manager Charles Montanaro has predicted.
09:55 Mon 21 Jun 2010
BlueCrest AllBlue raises £350 million
Listed hedge fund BlueCrest AllBlue has pulled in nearly £350 million in its biggest fundraising bid to date.
08:30 Mon 21 Jun 2010
Nick Sketch: Discount disappointment tars the entire IT sector
Two years ago one investment trust (IT) received a 'merger' proposal from another offering shareholders a vigorous defence of a specific, narrow discount, including an ability to sell at that level. The IT resisted the merger, though it changed managers and offered a similar formal policy on the discount.
09:46 Thu 17 Jun 2010
Bolton's Fidelity China trust leaps to 10% premium
Anthony Bolton's Fidelity China Special Situations investment trust has seen its price spike up to trade on a 10% premium ahead of its entry to the FTSE 250 on 21 June.
08:19 Tue 15 Jun 2010
Polar Capital raises £89million for healthcare trust
Polar Capital has raised £89 million for the launch of the Polar Capital Global Healthcare Growth & Income trust.
01:53 Mon 14 Jun 2010
Mark Barnett undershoots index 20% blaming 'costly' mining mistake
Mark Barnett's Perpetual Income and Growth Trust last year grew more than 30% but his decision to shun the mining sector proved costly for the company.
11:20 Fri 11 Jun 2010
'Cloud computing' boosts Polar Capital Tech trust
The Polar Capital Technology trust has increased the value of its portfolio by 45.4% over the year up April, versus gains of 39.6% by the Dow Jones World Technology Index.
01:49 Tue 08 Jun 2010
Aberdeen to launch Latin American income trust
Aberdeen is to launch an income-orientated Latin American investment trust for its emerging market stars Citywire A-rated Devan Kaloo and Brett Diment.
08:30 Mon 07 Jun 2010
Alan Brierley: The game has changed now is the time to sell the rallies
Global equity markets have delivered significant gains since March 2009. However, the return of volatility in recent weeks has acted as a timely reminder of growing underlying risks. We expect further weakness in coming months.
08:23 Mon 07 Jun 2010
JP Morgan launches first Global Emerging Markets income trust
JP Morgan Asset Management has launched the UK's first global emerging markets investment trust to offer both income and growth to investors.
02:19 Thu 03 Jun 2010
Perpetual Income & Growth delays £150 million share issue
The Perpetual Income & Growth investment trust has delayed the issue of £150 million B shares designed to pay out regular sums to investors as capital rather than income..
