Fintech investor Merian Chrysalis deploys half the £175 million it raised last month with a top-up investment in Starling Bank and purchase of stakes in Transferwise and Hut Group previously held by its managers’ open-ended funds.
New life sciences investment company will proceed with £131 million launch despite attracting just US$15 (£11.7) million in its initial public offer.
Struggling global small companies trust retains Stewart Investors after departure of its two fund managers but proposes becoming a more diversified, emerging markets small-cap fund.
Fidelity Asian Values manager Nitin Bajaj has increased exposure to small-cap stocks and changed his benchmark to take advantage of out of favour smaller fry.
The Canadian focused income trust positioned defensively ahead of the election which saw Justin Trudeau scrape a narrow win but not a majority.
Woodford Patient Capital ignores calls to wind up and appoints Schroders to run the battered investment trust, offering it a 15% performance fee to revive its portfolio of early-stage healthcare and tech companies.
Matthew Brett, manager of top-performing Japan trust, defends its largest holding in Softbank as the portfolio suffers rare period of underperformance.
The financial pressures on flexible office provider after its failed market debut could spell trouble for capital's property sector and the stock market.
Fund-of-fund managers excited by opportunities in small cap trusts trading at discounts which are themselves investing in stocks on low ratings.
JPMorgan Emerging Markets' bet on China has paid off but manager Austin Forey is tempering investor optimism, saying he wasn’t struck by ‘sudden genius’.