Funds

Transact has reported record pre-tax profits for 2014 as it gains 10,000 new clients.

Alliance Trust's own corporate broker has admitted recent criticisms of the company have landed some "heavy blows" and has suggested a formal review of its business model.

UK smaller company investment boutique Amati has launched an AIM IHT portfolio service for investors looking to take advantage of UK government inheritance tax exemptions on shareholdings in certain qualified listed companies.

An SEIS fund aimed at exploiting the opportunities to be found among start-ups working within the gambling industry has been launched by a team of industry experts.

The manager of the Unicorn AIM VCT said the fund is close to matching last year's total of £20m in cash raised from investors but said the company is not looking to raise any more funds "just for the sake of it".

A Shariah-compliant Seed Enterprise Investment Scheme (SEIS) fund has been launched by Portillion Capital aimed at tapping into the "disenfranchised" UK Muslim investor base.

The chief executive of Puma Investments is confident the latest edition of the firm's VCT funds will match the £28m raised last year as investors continue to show an appetite for the company's asset-backed investment strategy.

The board of the Schroder Real Estate investment trust is proposing to move the trust onshore and convert it to a REIT.

Alternative assets dominated investment trust fundraising in 2014, Winterflood figures show, as investors looked outside the mainstream for returns.

Latest complaints data published by the regulator has revealed a record number of second half complaints over investment products, driven by a rise in reports focusing on unit trusts and OEICs.