Investment Trusts

Plans to return to role

Two new non-exec appointments

Improvements for larger funds

Activist pursuing board appointments

Criticism of discount contol mechanisms

High yield products popular

Manager urges Fed to wait

Group adds investment trusts to range

Simon Gergel, manager of the Merchants trust, explains why he is shunning recently re-rated mid caps in favour of "disappointing" mega caps.

Managers fear further market falls