Investment Trusts

The Battle Against Cancer investment trust (BACIT) has announced its first charitable donations, totalling almost £1m, after a strong first five months.

INVESTMENT TRUSTS

Polar Capital has completed the initial public offering for its Global Financials investment trust, raising £153m in the process.

Investment trust specialist Frostrow Capital is launching an Alternative Investment Fund Manager (AIFM) arm to its business, ahead of the impending Alternative Investment Fund Managers Directive (AIFMD) coming into force next year.

Surging global equity markets' have pushed down discounts across the investment trust industry so far this year, pushing a number on to premiums, the latest data shows.

Fidelity's Anthony Bolton has committed to hold on to his stake in the China Special Situations investment trust after he hands it over to Dale Nicholls in April next year.

PROPERTY

Anthony Bolton has told investors he has no regrets about taking on the Fidelity China Special Situations trust, despite a "disappointing" run of performance.

Fidelity's Anthony Bolton is set to retire next year, bringing to an end his 30-year career in fund management.

ITs