Funds

Henderson's investment management contract for its £286m Asian Growth trust is in jeopardy after the board announced it is undertaking a review of its investment management arrangements.

ETHICAL

PASSIVES

Credit Suisse is selling its $17.2bn European ETF business, with BlackRock and State Street among the firms that have bid for the business, according to reports.

MAM Funds is planning a share issue for Gervais Williams' Diverse Income trust, through which it hopes to raise £20m of new assets.

Albion Ventures has launched a top up scheme seeking to raise up to £15m across six of its venture capital trusts (VCTs).

Platform giant Skandia's sales force is understood to be facing a significant reduction in numbers after the group - now known as Old Mutual Wealth - revealed there will be 200 jobs lost across the business.

Cofunds is planning to target life companies failing to attain traction in the platform market.

ITs

The BlackRock North American Income trust has raised £65m in its initial offer period and plans to issue further equity in the near future, after undershooting its £100m target.