Funds

Witan investment trust has become the tenth investment trust to grow its annual dividend for 40 consecutive years, according to the Association of Investment Companies.

In the first of a series of articles on VCTs, Jack Rose, business development director for tax products at LGBR Capital, explores how VCTs work and what they can offer different types of investors

Woodford Investment Management (WIM) is to take a 15% performance fee of any excess returns above the 10% annual return target on its Patient Capital investment trust.

The Cayenne investment trust is to set to wind up next year as co-managers Len Gayler and James Hart pursue other opportunities.

GLI Finance is considering the launch of a trust investing in a portfolio of loans with a "high single digit" yield target.

The Gabelli Value Plus trust is to list on the London Stock Exchange on 19 February after a fundraising period described by Numis analysts as "a considerable success".

Fidelity FundsNetwork is to make Neil Woodford's Patient Capital trust the first externally-managed IT available on the platform, in what it says is a "clear intention" of more to come.

News of Neil Woodford's forthcoming trust investing in early stage companies has prompted comparisons with venture capital trusts (VCTs), but analysts say they are unlikely to appeal to the same kinds of investors.

Some of the UK's most prominent investment trusts received a performance boost last year from their positions in unquoted companies, one of which went on to launch the largest IPO in history.

Hargreaves Lansdown is planning a push into the asset management arena which could see it hire external fund teams and market its services to advisory businesses in future.