Investment Trusts

Twenty investment trusts have scrapped performance fees so far this year as pressure from open-ended rivals causes boards to take action.

INVESTMENT TRUSTS

INVESTMENT TRUSTS

Chris Rice and Tim Russell have annnounced the fundraising for their first offering through new firm Sanditon Asset Management was oversubscribed.

Nick Train has outlined the main themes which affected the performance of his Lindsell Train investment trust over the last year, noting a 'flight to quality', technological change, and India all impacted the fund in different ways.

Polar Capital is looking to expand its number of investment teams, adding it has been encouraged by "unsolicited approaches", after nearly doubling assets under management in its last financial year.

The return of long-dated investment trust debt

Renewable energy investment trusts are facing a shake-up as the government attempts to rein in spending on subsidies for solar development.

The managers of the Ruffer investment trust have added to their Japanese bank holdings, expecting the sector to benefit from a domestic recovery.

The £2bn Templeton Emerging Markets investment trust (TEMIT) has proposed a fee cut as it prepares to mark 25 years of existence.