Citywire news

Hedge fund manager stuns investors in its London-listed investment companies demanding a doubling in annual management fee after their successful performance in last year's coronavirus crash.

Analysts at JPMorgan Cazenove have compiled a useful list of 36 'value' style investment trusts mostly benefiting from a rebound in the cheap, economically sensitive stocks they hold.

Closed-end fund investor Nick Greenwood says UK ‘micro-cap’ investment trusts should benefit from stockmarket recovery, but if not his Miton Global Opportunities trust is ready to press for action.

Calum Bruce, manager of retail park investor Ediston Property, commissions report he says proves sector has been unfairly lumped with ailing high street, creating an opportunity for investors.

(Update) The UK stock market extended its gains after Wall Street rallied in response to a smooth handover of power to incoming Democrat President Joe Biden.

Veteran environmental investor Charlie Thomas is leaving Jupiter Asset Management after 20 years, handing on the Jupiter Ecology fund and Jupiter Green investment trust to co-manager Jon Wallace.

FTSE 100 revived ahead of Joe Biden's inauguration as US president, with education group Pearson and miners lifting the blue-chip index.

‘As we come into 2021 none of our bullishness on credit markets has waned and it remains a very unusual crisis for credit markets,’ says bond fund manager Jenna Barnard.

Shareholder payouts fell to their lowest level since 2011 last year and could fall further in 2021, warns Link's Dividend Monitor study.

The FTSE erased early gains after hopes about the Democrats' ability to push through a stimulus package faded and Entain/MGM talks end.