Investment Trusts

David Barron, head of investment trusts at J.P. Morgan Asset Management, is to leave the firm.

MARKETS

Henderson Global Investors has lost the management contract of its £286m Asian Growth trust to Schroders, after the board undertook a review of its investment management arrangements.

BOLTON: MY OUTLOOK FOR 2013

The £1.2bn Witan investment trust has appointed UK-based hedge fund specialist Lansdowne Partners to manage a global equity portfolio.

The board of the £28m UK Select trust has announced the company will rebrand under the Threadneedle name early next year, subject to shareholder approval.

Warren Buffett's investment group Berkshire Hathaway has completed a $1.2bn share buyback after snapping up the shares of an unnamed long-term shareholder.

Aberdeen Asset Management's Hugh Young said dotcom-style bubbles are forming in some Asian income stocks as valuations look increasingly stretched.

Investors continue to weigh up the benefits of proactive central bank policy against the muted levels of economic growth from developed countries in a deleveraging world.

Panic about house prices, asset bubbles and China caught our readers' attention this year, with the views of leading hedgies and controversial industry figures featuring in our list of the 20 most read stories of 2012.