Huge question mark hangs over Woodford Patient Capital Trust as its shares plunge to new low after decision to wind up Woodford Equity Income Fund and remove Neil Woodford as fund manager.
The power of investment trust boards to hire and fire fund managers is a great strength but timing such moves is tricky and, for small trusts, merging with another fund may be more effective.
A US venture capitalist aims to raise $350 million (£278 million) for a new life sciences and healthcare investment company targeting total returns of more than 20% a year.
Peter Elston, chief investment officer at Seneca Investment Managers, has resigned for personal reasons, the board of Seneca Global Income & Growth Trust has announced.
3i Infrastructure raises nearly £223 million, taking to £339 million the amount drawn in by infrastructure funds in the past two days and lifting total for year to £2 billion.
BlackRock Energy and Resources Income doubles investment in gold equities as prospects for safe haven metal brighten in deflationary world.
Real estate investment trust raises its maximum loan-to-value to provide it with headroom should commercial property prices slide after a no-deal Brexit.
Real estate investment trust plans to appeal to income investors by hiking its dividend 20% and raising its yield to 5.8% after paying £28 million early repayment penalty to refinance its debts.
Veteran co-manager of Ruffer Investment Company steps back from the defensive, global multi-asset fund as Ruffer reshuffles its investment team and promotes a new generation of fund managers.
Jupiter Fund Management faces dismissal from second investment trust in a week after board of small, poorly performing Jupiter UK Growth announces it is looking for ‘alternative arrangements’.