Adapting to a changing environment

investment trusts

Increasing pressure on global growth trusts has led to board changes, manager switches and alterations to investment processes. Additional shareholder pressure is also forcing boards to address discounts, resulting in a number of innovative solutions from trusts

Growing pressure on global growth trusts has led to a number of restructurings as of late, the highest profile of which has been the conversion to a multi-manager approach by billion-pound trusts such as Witan, F&C and Edinburgh. A number of stories covered in Investment Week over the past 12 months have highlighted the ongoing changes within this area of the investment trust industry. Among these were board changes, manager switches and alterations to investment process. However, additional shareholder pressure is forcing boards to not only address performance issues but also discount...