Funds

Witan investment trust has handed two £100m UK equity mandates to Lindsell Train and NewSmith Asset Management, after taking one of the mandates away from Henderson.

Jupiter's Charlie Thomas has begun modifying his £41m Green investment trust since taking over the whole portfolio.

First State's Susie Rippingall believes Hong Kong could experience an economic boom if interest rates remain low in the US.

The board of the £55m Henderson Private Equity investment trust has decided to close the vehicle as a result of its persistently wide discount and failure to grow assets under management.

The board of the £198m M&G Equity investment trust has outlined the options for investors ahead of its wind-up date in March 2011.

Baillie Gifford's Gerald Smith has sold his stake in the group's Pacific fund, preferring to invest directly in China.

Schroders' Matthew Dobbs has taken his fund's Singapore weighting from 10% to 20% since May, as prices have become more attractive.

INVESTMENT TRUSTS

Clive Cowdery's Resolution acquisition vehicle has set its sights on acquiring an asset management firm.

Aberdeen has raised £52m for its Latin American Income fund which starts trading on Monday.