The majority of investment trusts have seen their discounts widen in 2015 despite equity markets reaching record highs, leaving analysts perplexed.
The biotechnology sector has boomed since the recession, providing substantial returns for investors in specialist funds exposed to this area.
What to do about Alliance Trust
Commentators have warned Chancellor George Osborne's new rules for VCT,EIS and SEIS investments, announced in today's Budget, could create confusion and crowding in certain parts of the market.
Hedge fund Elliott Advisors has said it is "surprised and disappointed" by Alliance Trust's response to its proposals for a shake-up of the trust's board.
Navigating 'known unknowns'
The number of platforms targeting advisory firms is likely to halve after 2017, according to Standard Life's David Tiller.