Funds

James Henderson has managed Henderson Global Investors' UK Equity Income fund since 2005, taking on the mandate after a long spell at the asset manager.

Few VCTs are upbeat nowadays - they are either fretting over the state of their portfolio, or their next fund, but one manager has just experienced a record number of deals.

Bramdean's Nicola Horlick is launching a fund to raise as much as £2m for film development projects.

Investors snapping up shares in UK-listed companies have never had it so good, with dividends payouts last year hitting an all-time high of £67.8bn.

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Chancellor George Osborne has announced a clampdown on venture capital trusts (VCTs) and enterprise investment schemes (EIS') purely set up to access tax reliefs.

PIMCO and Source have launched a product giving investors in Europe physical access to the short dated end of the high yield universe for the first time.

Andrew Bell's £1.1bn Witan investment trust has conceded it was too highly leveraged last year, after reporting a sharp drop in its NAV for 2011.

Jemma Jackson of the Association of Investment Companies (AIC) looks at the rise of the specialist sectors and explains why closed-ended structures lend themselves to the space.

Boards of trusts should manage premiums as closely as they manage discounts, says Grant Challis, partner at Frostrow Capital LLP.