Investment Trusts

Run by Peter Michaelis, Simon Clements and Chris Foster

Managers stay bullish despite soaring case rates

Previously worked at Investment Week

Best opportunities found in banks and trading firms

250 million new shares going at $1 each

Concerns over fund's poor performance

Fifth redemption since IPO

Strong performance by UK trusts

Stamp duty removal would level the playing field with open-ended funds

Government green subsidies to be focal point this year