The FTSE 100 is hovering around the 5,900 mark in early trading on the back of weakening metal prices sending mining stocks deep into the red.

SVM has told shareholders to accept activist investor Cyrun's proposal to take over the management of the group's £63m UK Active fund.

This Friday the 123rd annual general meeting of Alliance trust will not be the serene affair the company's board is used to, as Laxey Partners' long-running call to integrate a discount control mechanism reaches its climax.

Martin Currie's Andrew Graham is to reduce the £135m Pacific trust's Japan exposure when he takes the helm in July.

Baillie Gifford Emerging Markets Growth has shrunk by 15% following poor performance since the group announced plans to soft-close the fund.

Morningstar's closed-ended fund strategist Mike Taggart believes investors will continue to largely shun "secretive" investment trusts until they improve transparency.

Indian private equity group ICICI Venture is launching an Indian OEIC this July, aimed at UK investors.

The bull run in commodities is set to continue, despite the recent sell-offs and mounting fears some assets in the sector are overheating, according to asset allocators.

PSigma has changed the name of its bottom quartile £10m American Growth fund to the PSigma American fund.

Old Mutual Asset Managers' head of fixed income Stewart Cowley has slammed the US for failing to rein in its growing budget deficit, warning it risks ingraining inflation in the nation's psyche.