Word on the Street

The prospect of single manager hedge funds being able to list in London may have stolen the headline...

The prospect of single manager hedge funds being able to list in London may have stolen the headlines. But investment trust managers are studying the finer detail of proposed changes to listing rules that would give them the power to take active positions on the boards of companies they hold. Should the FSA get its wish, trust managers could get involved in portfolio companies in the same way that the managers of Aim-listed companies can. The move could make for more aggressive investment strategies. Another proposal made by the regulator this week, however, looks to be something of a d...