Investment Trusts

The board of the £42m Jupiter Green investment trust has made changes to the vehicle's investment policy following a strategic review.

Allianz RCM's CIO of UK equities Mark Lovett has left to join another undisclosed firm.

INVESTMENT TRUSTS

SVM Asset Management has invested about half its fund of funds assets in investment trusts that have remained at excessively wide discounts to NAV since the credit crisis.

The after-effects of the credit crunch combined with a lacklustre UN Climate Change Conference have led the BlackRock New Energy trust to underperform, its managers say.

Shareholders in the £124m Martin Currie Pacific trust have voted for the company to continue for another five years.

Brokerage firm Canaccord Genuity says shareholders should vote against the merger of F&C Commercial Property trust (FCPT) and the UK Commercial Property trust (UKCPT) because it is not in investors' interests.

BlackRock's Sam Vecht is bullish about the long-term prospects for Russia, arguing there is more to the country's economy than oil.

Polar Capital's Ben Rogoff has put the 3% cash position in his Technology trust back into the stock market as valuations become compelling after the recent correction.

Only eight managers in the closed-ended retail space have achieved more than a 20-year tenure, according to new figures from the Association of Investment Companies.