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The latest news from Citywire Financial Publishers Limited.

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16:02 Thu 20 Nov 2008
Shareholders shoot down Eaglet director dealing changes
Shareholders have shot down plans to turn the Eaglet investment trust into a directors' dealing mandate, throwing the new ownership's plans for the fund into disarray.

12:03 Thu 20 Nov 2008
McLean's SVM UK Active takes a hit from resource bubble
Colin McLean's SVM UK Active trust has filed a painful set of results for the six months to the end of September, down 18% compared to a 13.5% FTSE All-Share benchmark.

13:03 Wed 19 Nov 2008
Seven Dials plans UK property launch
Property fund and discretionary wealth manager Seven Dials is canvassing private client investors and advisers about the launch of a new UK bricks and mortar mandate.

13:03 Wed 19 Nov 2008
Scottish Investment trust calls time on defensives and reveals top stock picks
The Scottish Investment trust has said it is to begin moving its portfolio from its defensive position into more cyclical and market sensitive stocks.

14:01 Fri 14 Nov 2008
SLI Equity Income trust posts one third fall in assets
The Standard Life Equity Income trust saw its total assets fall almost a third over the year to the end of September 2008, falling from £145.7 million to £99.9 million.

10:03 Thu 13 Nov 2008
The Daily Interview: Midas' Gray calls bottom for property
Citywire A-rated asset allocator Martin Gray of Midas has called time on the commercial property downturn and has started building an initial stake in listed property vehicles.

17:01 Mon 10 Nov 2008
Gartmore smaller cos trust to switch to AAA-rated Nimmo
Gartmore Smaller Companies trust has agreed to merge with the Standard Life Smaller Companies trust following long-term concerns about the company after a collapse in its value during the credit crisis.

10:03 Fri 7 Nov 2008
The Daily Interview: HSBC Infrastructure looks overseas
The HSBC Global Infrastructure fund is likely to further diversify its holdings overseas as public finance initiatives are accepted round the globe, manager Tony Roper has said.

13:02 Tue 4 Nov 2008
Top 20 investment trusts revealed
Mainstream UK equity is notable by its almost complete absence from a list of the top 20 most consistent investment trusts over the last decade dominated by emerging markets.

11:03 Thu 30 Oct 2008
Invista Foundation reports sharp NAV falls but pays down debt
Invista Foundation Property has reported continuing sharp falls in its net asset value over the third quarter but good progress in paying down its borrowing.

15:03 Tue 28 Oct 2008
Eaglet changes name to Directors Dealing Trust
Eaglet Investment Trust has proposed buying up to 49% of ordinary shareholders' stakes in the company as it attempts to liquidate its current portfolio and move to a new strategy.

11:01 Tue 28 Oct 2008
Fabian Romania admits pricing difficulties as NAV falls
Real estate investment trust Fabian Romania has recorded a falling net asset value in the third quarter but warned a sales collapse means it is near impossible to accurately price.

11:01 Tue 28 Oct 2008
City of London delays main market listing in face of storm
The financial storms now ravaging the emerging markets as well as the west have forced the City of London Investment Group to postpone its move to a main-market listing.

13:08 Thu 23 Oct 2008
New disclosure rules on derivatives get green light
The Financial Services Authority (FSA) has decided to press ahead with plans to tighten disclosure on derivative positions representing 3% or more of shares in issue, from next September.

11:02 Mon 13 Oct 2008
Investment veteran Ian Rushbrook dies
Managing director of the Personal Assets Trust, Ian Rushbrook, died yesterday following a short period of illness.

13:01 Fri 10 Oct 2008
AXA Property Trust reports 14.8% NAV increase
AXA Property Trust has reported consolidated net profit reached £3.8 million over one year to the end of June, while net asset value (NAV) per share has risen by 14.8% since June 2007.

16:09 Thu 9 Oct 2008
Blackrock Smaller Companies Trust outshines benchmark
Blackrock Smaller Companies Trust posted a 4.7% fall in its net asset value (NAV) during the six months to the end of August.

17:01 Tue 7 Oct 2008
Saints appoint former BoE deputy governor Lomax to its board
The former deputy governor of the Bank of England, Rachel Lomax, has been appointed to the board of the Scottish American Investment Company (Saints)

12:05 Mon 6 Oct 2008
Huysinga takes control of JPM Overseas Trust
JP Morgan Overseas trust manager Ed Walker has been replaced by Jeroen Huysinga to cater for the gradual strategy change within the mandate.

17:04 Fri 3 Oct 2008
Aberforth Smaller Companies trust posts 15.9% NAV fall
Aberforth Smaller Companies Trust endured a 15.9% fall in its net asset value (NAV) during the three months to the end of September.

9:03 Wed 1 Oct 2008
Share buybacks may signal property recovery in sight
Commercial property fund managerInvista has bought back £7 million of its own shares in the last three months leading to speculation that the sector was approaching its bottom and could present opportunities to buy back in.

16:01 Tue 30 Sep 2008
Alliance Trust down 4.8% over first half
Alliance Trust lost 4.8% of its net asset value over the first half of the year as it continued to concentrate its portfolio, compared to a 6.3% fall in the FTSE All-World Index.

14:04 Tue 30 Sep 2008
Wins warns of twenty trusts facing eviction from All-Share
At least 20 investment trusts face exclusion from the FTSE All-Share and a big drop in trading following proposed changes to the liquidity rules used to assemble the index.

13:04 Thu 25 Sep 2008
Indochina Capital Vietnam upgraded after change of strategy
Indochina Capital Vietnam trust has been upgraded to a buy following the appointment of chief investment officer Terry Mahoney and a review of its investment strategy.

0:01 Sat 20 Sep 2008
Hold or Fold: Hansa Trust vs JPM Mercantile Trust
Hansa TrustWhat Citywire says:This trust was launched in 1912 and has assets of £210 million. It aims to achieve growth by investing in a portfolio of special situations. Individual holdings or specific sectors may constitute a significant proportion of the portfolio. John Alexander is the fund mana...

10:01 Mon 15 Sep 2008
Woodford replaces Fidelity's Stavis on Edinburgh Investment Trust
The Edinburgh Investment trust has appointed Invesco Perpetual'sAAA-rated Neil Woodford to manage the mandate afterending its partnershipwith previous manager Fidelity International.

15:01 Fri 12 Sep 2008
Jupiter's Curling takes over Primadona Trust
Jupiter UK Small Cap manager Richard Curling hastaken over as lead manager on the £45 million Jupiter Primadona investment trust.

0:01 Wed 10 Sep 2008
Investment Voices: Indian real estate offers hedge on market gloom
Explore investment trusts at Citywire's new investment trust data centre

0:01 Wed 10 Sep 2008
Investment Voices: Schroder Agricultural fund is one for the future
Explore investment trusts at Citywire's new investment trust data centre

0:01 Wed 10 Sep 2008
Investment Voices: Investment trusts remain City's best kept secret
Explore investment trusts at Citywire's new investment trust data centre

10:03 Tue 9 Sep 2008
Midas chief executive steps down
Chief executive of Midas Capital Mike Phillips has departed the newly-consolidated group following its merger with MitonOptimal.

10:01 Tue 9 Sep 2008
Mark Harris takes control of New Star Investment trust
Citywire A-rated Mark Harris has assumed control of theNew Star Investment trust following a difficult period for the fund, which is down 22.1% over the last year.

14:04 Mon 8 Sep 2008
Raven Russia secures agreement for management buy-out
Specialist property investment trustRaven Russia grew its underlying portfolio by 3% over the first half of 2008 to a total $1.28 billion (£583 million).

0:01 Fri 5 Sep 2008
Majedie boss Clarke takes up Witan chief executive post
Witan Investment trust has appointed Majedie bossRobert Clarkeas its newchief executive as Jim Horsburgh bows out of the company.

9:01 Wed 3 Sep 2008
City of London trust down 18.3% on year
The City of London investment trust lost 18.3% over the year to the end of June, worse than the 14% loss of the FTSE All-Share but ahead of its sector average loss of -20.8%.

0:01 Wed 3 Sep 2008
Gilligan on trusts: Bluecrest can beat the crunch
Explore investment trusts for yourself using Citywire's new investment trust landing page

0:01 Wed 3 Sep 2008
The best investment trust data is now available on Citywire
If there is one thing that makes for a successful investment it is good information.

9:04 Wed 27 Aug 2008
Bramdean Alternatives liquidates holdings as hedge funds suffer
Bramdean Alternatives is to redeem some of its largest holdings, including a hedge fund run by one of the fathers of futures trading Myron Scholes, as it repositions its portfolio.