Investment company news brought to you by Citywire Financial Publishers Limited and Quoted Data by Marten & Co.

Capital Gearing succession planning: Clothier joins Spiller as co-CIO

Peter Spiller will continue to chair the asset allocation committee while newly promoted Chris Clothier will focus on the investment process.

US criminals steal $20m from Schroders and Molten backed Revolut

Revolut, the international ‘neobank’, lost $23m of its corporate funds last year after criminals exploited a flaw in its systems, according to the Financial Times.

RM Infra still faces wind-down after ‘limited’ progress in merger talks

Small high-yielding RM Infrastructure Income rules out a partial exit for shareholders as it continues to look for a potential merger partner.

PRS Reit refinances as 5% yielder aims for dividend cover

Residential real estate estate investment trust cuts its exposure to rising interest rates and reports a rise in rental growth.

James Carthew: When the small-cap recovery comes it could be big

Smaller companies have been neglected in the selloff of UK stocks, but Gervais Williams of Miton UK MicroCap believes their qualities will shine through in a 1970s inflationary slump.

Big Broadcast: How Alliance Trust picks the best global stock pickers

Craig Baker of Willis Towers Watson explains how a multi-manager investment approach helps Alliance Trust beat a tough global benchmark and maintain its dividend growth record of 56 years.

3i Infrastructure aims to sell Attero by second quarter of next year

Top-performing infrastructure fund says it will take more than a year to sell stake in waste power generator, with proceeds due to repay some of its large overdraft.

Gore Street Energy stresses its overseas spread as UK battery market ‘saturated’

Full-year trading update sees the high-yielding energy storage fund emphasise international expansion, while questioning the merit of two-hour batteries in the UK.

Schroder British Opps strives to show it isn’t in private equity camp

After nine consecutive quarters of growth, the four-strong management team of the growth capital fund hope valuations continue to rise and rerate the heavily discounted share price.

AVI Japan adds to tally as it wins dividend hike at NC Holdings

Japan small companies activist fund AVI Japan Opportunities claimed a significant victory at the AGM of its seventh biggest investment, NC Holdings, a parking equipment manufacturer.

‘There is a solid reason’ behind Japan’s rally, says Schroders’ Taketsume

Schroder Japan fund manager says country's changing corporate culture and newfound inflationary are driving its stock market to three-decade high.

Pershing Square ‘fundamentally mispriced’, says Investec

A reputation as a high-charging hedge fund has left Bill Ackman’s strategy on a 33% discount despite delivering the best five-year returns of any North America fund.