Funds

Tim Ingram, chair of the Wealth Management Association and a former director of Alliance Trust, has backed Elliott Advisors' proposals to add three non-execs to the trust's board.

The chief executive of UK platform giant Cofunds has acknowledged the business "should be generating more profit" despite an 83% increase in 2014 figures reversing a previous downwards trend.

Baillie Gifford's global alpha equity team have replaced Gerald Smith as manager of the Monks investment trust as the board seeks to improve performance.

Woodford Investment Management, Ruffer, Sarasin and Invesco are among the groups backing a new share placing by Oakley Capital's private equity trust.

Fidelity Asian Values manager John Lo has stepped back from running the trust after a 13-year spell in charge, to be replaced by Nitin Bajaj.

Ted Hood, chief executive of ETF provider Source, has left the firm six year after launching the business.

Elliott Advisors has responded to Alliance Trust's formal circular to shareholders, rejecting the company's claims and accusing its board of resorting to "personal attacks".

This morning, China Construction Bank International (CCBI) launched the first ever ETF to be domiciled in the UK, but will others follow suit?

Old Mutual Wealth platform marketing manager Mike Barrett is to join the lang cat consultancy as a consulting director.

Hedge fund Elliott Advisors' call for a shake-up of the Alliance Trust board represents more than a straightforward corporate dispute, writes Abraham Okusanya. It has implications for adviser platform due diligence...