Infrastructure trusts could face ‘haircuts' to NAV if rates rise and inflation assumptions are revised down, analysts have warned.
3i's head of its £1.2bn 3i Infrastructure trust, Cressida Hogg, has quit the firm to take on an unnamed role outside the group.
Old Mutual Global Investors has moved Simon Murphy's £40m UK Opportunities fund to the IMA Targeted Absolute Return sector after merging its offshore and onshore versions.
GLG has soft-closed its Market Neutral fund managed by Steve Roth after inflows took the strategy beyond $1bn (£610m) in size.
Crispin Odey has taken out a short position on Manchester United as the team has its worst start to a season for 12 years.