Investment Trusts

The £156m Pacific Assets Trust reported a 56.8% rise in NAV, for the year ending 31 January 2010.

Numis Securities expects the number of investment trusts to shrink this year as disgruntled investors and hedge funds force smaller vehicles to close.

Shares in RAB Special Situations rose 31% in March, outperforming the 1.1% average from listed hedge funds, after commencing a buyback that absorbed 6% of its share capital.

The Rocksure Property Bravo fund has just bought a new property in Marrakech as its approaches its final closing.

Manchester & London Investment trust and Stakeholders' Momentum Investment trust are considering merging to improve their liquidity and reduce costs.

Polar Capital plans to launch a healthcare-focused investment trust targeting the historically low valuations on offer in the sector.

Finsbury Growth & Income Trust's Nick Train says changes to the makeup of the UK stockmarket mean investing in overseas companies is more important now than ever

The Aberdeen Asian Income fund has confirmed a total dividend increase of over 5% and says payments will be made quarterly from this year.

J.P. Morgan Asset Management's Sebastian Luparia is targeting Brazilian infrastructure opportunities as the country looks to upgrade its facilities ahead of the 2014 World Cup and 2016 Rio Olympics.

Hargreave Hale plans to use rules that governed the VCT sector prior to April 2006 when making new qualifying investments for its two AIM VCTs.