Funds

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.

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.