Launch of shipping fund hits choppy waters but board says it will continue to engage with potential investors about flotation at a later date.
Alliance Trust Savings, the stockbroking business of Dundee-based global fund, sold to Interactive Investor.
AVI Japan Opportunity, the activist investment trust launched by British Empire managers Asset Value Investors, gets off the ground after raising £80 million.
River & Mercantile UK Micro Cap trust dropped robotics firm and hot stock Blue Prism before its shares shed a third of their value in five weeks.
Investors hoping to get back money quickly from Ranger Direct Lending were disappointed this week as troubled peer-to-peer investor said value of its holding in Princeton Alternative Income fund may still be overstated.
A recent run of good news for Woodford Patient Capital Trust continues with Oxford Nanopore, its third biggest holding, receiving a £50 million investment from US biotech giant Amgen.
Smithson, star manager Terry Smith’s new £822 million global smaller companies investment trust, starts positively on its first day of trading.
Tony Roper, former fund manager of HICL Infrastructure, signs up as chairman of SDCL Energy Efficient Income Trust hoping to launch next month.
Mercantile, a big investment trust focused on medium-sized stocks outside the FTSE 100, removes gearing (borrowing) to protect investors from turbulent markets. On a 12% discount its shares offer a long-term buying opportunity.
Government-backed real estate investment trust (Reit) ramping up rental income behind its 5p per share dividend as it expands property portfolio.