Investment Trusts

INVESTMENT TRUSTS

Witan has restructured the management line-up of its £160m Pacific investment trust, bringing in Matthews International Capital Management and MW GaveKal Asia Ltd to replace Nomura Asset Management.

David Reid, analyst for The Eastern European trust, looks at how investors can take advantage of Russia's new attitude to overseas investors.

SWIP

First State Investments' Angus Tulloch and two members of his team are to take over management of the £192m Scottish Oriental Companies trust next year.

ACTIVISTS

ITs

ITs

Andrew Bell, chief executive of the £1.1bn Witan investment trust, has joined the chorus of disgruntled shareholders who are demanding radical change at private equity firm 3i.

Aberdeen Asset Management CEO Martin Gilbert said he wants to oust Katherine Garrett-Cox as chief executive of the £2.1bn Alliance Trust.