Issue fatigue making its presence felt

Bedlam's failure to raise the £40m target for its Cherry Picker investment trust is indicative of th...

Bedlam's failure to raise the £40m target for its Cherry Picker investment trust is indicative of the growing problem of issue fatigue in the market. In the closed-ended world for example, there are now at least a couple of launches a week, meaning only the best known groups or genuinely niche opportunities actually raise any money. Looking at a list of trusts launched in 2006 for example, apart from a slew of property offerings, there is a vehicle called Geiger Counter and vehicles investing in Balkans property, timber, Japanese Reits and Vietnam. Many of these require more research bef...