Funds

Odey's Tim Bond has joined the board of Law Debenture investment trust, after being voted in at its 2015 AGM.

Hargreaves Lansdown shares dropped as much as 4% after co-founder and majority stakeholder Peter Hargreaves stepped down from the company's board with immediate effect.

Alliance Trust has revealed it has "accelerated the process" of the search of a new non-executive director ahead of its crucial AGM later this month.

Global trusts attracted the highest level of interest on the Association of Investment Companies'(AIC) website in the first quarter of this year.

Polar Capital Global Financials trust manager Nick Brind is backing smaller banks to outperform, and predicts a significant boost to financial sector dividends this year.

Lessons from Silicon Valley's tech companies

Woodford Investment Management (WIM) has increased the initial fundraising limit for its Patient Capital trust from £500m to £800m in response to investor demand.

Venture capital trust (VCT) fundraising reached a nine-year high in the last tax year, according to the data from the Association of Investment Companies (AIC.)

Alliance Trust may find inertia its most powerful weapon in the attempt to fight off Elliott Advisors' proposals for change at the company.

Split capital trusts are regarded as higher risk by the industry but it is important to recognise the choice their unusual structure provides for investors, says Simon Crinage, head of investment trusts at J.P. Morgan Asset Management