The board of the £40m British Portfolio trust has stripped RCM of its role as manager of the trust, following a period of poor performance.
Oriel Securities has named the top ten highest yielding equity-focused investment trusts for investors hunting for income.
Investment trust analysts have warned arbitrage activity will be rife in 2012 and could lead to a number of wind-ups in the sector this year.
Fund management groups and analysts have warned new dividend rules for investment trusts could see shareholders lose out as portfolios become less tax efficient.
Lindsell Train founder Nick Train has revealed hefty positions in some of the more defensive stocks in the FTSE 100 helped him outperform the market substantially last year.