The small business lending trust has sacked its fund manager as it prepares to wind up after failing to recover money from two failed loans.
Morningstar has upgraded its rating on Edinburgh two months after the board of the £1bn trust sacked Mark Barnett and announced his successor as Majedie's James de Uphaugh.
Shares in Lindsell Train have fallen to a discount to net asset value for the first time in nearly a decade amid concerns over the trust's stake in Nick Train's fund management business.
Pollen Street Secured Lending, the £615m direct lending trust backed by embattled fund manager Mark Barnett, has sacked its manager after a takeover bid sparked a furious row over the information supplied to its suitor.
Star small cap manager replaced as ASI global head of smaller companies but maintains role on UK small cap fund and investment trust.
Embattled fund manager Mark Barnett has sold his stakes in direct lending investment trusts VPC Specialty Lending and Honeycomb as investors continue to pull money from his £7.7bn Invesco Income and High Income funds.
Shares in investment trusts have tumbled amid a stock market slump as investors were gripped by fear the coronavirus could no longer be contained following a rapid spread in Italy.
Global multi-manager investment trust formally embraces environmental, social and governance (ESG) investing as research reveals a low level of engagement by other trusts.
Andrew Bird, manager of Warehouse real estate investment trust, believes Blackstone's acquisition of Hansteen is just the start of overseas money coming into the sector.
Fidelity fund manager Alex Wright has slashed his stake in educational publisher Pearson after admitting the turnaround of the group, which he has long championed, was taking too long.