Funds

The £930m J.P. Morgan American investment trust has been run by New York-based Garrett Fish (pictured) and Eytan Shapiro for over a decade.

The Battle Against Cancer investment trust (BACIT) has backed Woodford's Patient Capital trust at launch.

Alliance Trust's agreement to appoint two of the non-execs proposed by Elliott Advisors has been proclaimed a victory for the hedge fund, but the trust's future direction remains up in the air.

Alliance Trust has partially given way to Elliott Advisors' demands just a day before its AGM, agreeing to appoint two new non-execs to its board.

Standard Life is closing its Savings Investment Trust ISA and Savings Scheme, and transferring customers to Alliance Trust Savings (ATS).

Aberdeen Asset Management and Legal & General Investment Management have added their support to Elliott Advisors in the war with Alliance Trust.

Are boards too complacent?

Passives confusion

Transact has partnered with Octopus Investments to become the first platform to offer venture capital trusts (VCTs) following the introduction of new legislation.

Alliance Trust chief executive Katherine Garrett-Cox has defended her remuneration package ahead of a crucial week for the company, saying she has fully reinvested her 2014 and 2015 bonuses as a sign of "commitment".