Funds

Gervais William's first launch through MAM Funds in his new role as managing director has met its capital raising target of £50m.

The Witan Pacific investment trust has declared a final dividend of 2.8p, a rise of one-third year on year, after seeing the NAV soar more than 25%.

MAM Funds' Nick Greenwood has upped arbitrageur plays to 33% in his £35m Miton Worldwide Growth investment trust.

Laxey Partners has rebuffed Alliance Trust's claim its TER is one of the lowest in its peer group, stating research shows it has almost doubled since the merger with Second Alliance Trust in 2006.

The recent Financial Stability Board (FSB) report on exchange traded funds will have left many industry leaders in the unit and investment trust space quietly purring with delight.

ALLIANCE TRUST VS LAXEY

Fidelity's Anthony Bolton has warned China's property sector faces major headwinds in the second half of 2011.

Cofunds has appointed Openwork CEO Martin Davis as chief executive.

ETF COMPLEXITY

SHARE BUYBACKS