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

NatWest’s £144m swoop for Cushon plumps Augmentum’s reputation

High street bank's acquisition of workplace pension provider nets 46% gain for Augmentum, a backer of early-stage financial services disrupters whose shares are in urgent need of an uplift themselves on a 30% discount.

Shires Income held talks with Abrdn Smaller Co’s

Shires Income positions itself as a key player in Abrdn Smaller Companies Income's search for a merger partner, disclosing recent talks with its stable mate.

Yakas and Kyprianou retire from Polar Capital Global Financials

Co-manager John Yakas and chairman Robert Lyprianou are stepping back from London's only listed financials fund.

David Stevenson: Time for deeply unloved trusts to bite the bullet

It is ‘show-and-tell time’ for many investment companies trading at discounts of more than 20% below net asset value.

James Carthew: Pershing Square on my buy-list after fresh US listing talk

Our columnist considers topping up his position in Pershing Square after Bill Ackman tells investors he is serious about solving the US equity fund’s 35% discount.

Abrdn Smaller Co’s Income looks for merger after 2022 hammering

Shares in £68m portfolio leap after its board launches a strategic review, concluding the trust is too small to have a viable future.

Int’l Biotechnology consults investors after fund manager resigns

In an unusual development, SV Health, fund manager of the £300m International Biotechnology Trust serves 12-month notice, saying it wants to focus on its healthcare venture business.

Int’l Biotechnology consults investors after portfolio manager quits

SV Health, manager of the £300m International Biotechnology Trust, serves 12-month notice, saying it wants to focus on its healthcare venture business.

Int’l Biotechnology consults investors after fund group resigns

SV Health, manager of the £300m International Biotechnology Trust, serves 12-month notice, saying it wants to focus on its healthcare venture business.

Int’l Biotechnology up for grabs after SV Health serves notice

Board of £300m International Biotechnology Trust consults big shareholders after fund manager SV Health serves 12-month notice, saying it wants to focus on its healthcare venture business.

BH Macro raises £315m to lift assets by quarter

Share issue of £1.3bn Brevan Howard hedge fund was mainly backed by institutional and professional investors, but private investors subscribed for £66m of sterling shares.

Hedge fund BH Macro raises £315m on strong investor demand

Brevan Howard hedge fund lifts assets by a quarter after institutional and professional investors take advantage of keenly-priced share issue from the all-weather performer.