All change at the top: Does a change of manager help with investment trust performance?

Winners and losers

Kathleen Gallagher
clock • 5 min read

Boards of investment trusts continue to utilise their powers to change investment manager, a benefit of the investment trust structure. However, have these changes borne fruit?

Three years is, by most analyst and investor standards, the timeframe when a management firm is expected to prove their worth. So, Investment Week looked back at the trusts that changed manager in 2017 and 2018 to see how they have performed.  Nine trusts changed manager in that timeframe. Some trends were noticeable in the group: two fell under attack by an activist investor, two have since wound up, two management teams feel it is too early to judge them and two did not end up changing management style, despite changing managers.  Activist investor attacks - Alliance Trust and Elect...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week