AIC

Investment Week's Kyle Caldwell has scooped a prestigious award for his coverage of the investment trust industry for the second consecutive year.

Aberdeen's Bruce Stout, manager of the £1.6bn Murray International investment trust, has reduced his fixed interest exposure to its lowest level in 25 years, claiming there is little value left in the asset class.

ITs

Multi-asset managers have been forced to move into specialist vehicles or even switch to open-ended funds as the number of closed-ended vehicles trading on a premium to NAV hits a post-crisis high.

Andrew Bell, chairman of the Association of Investment Companies (AIC), has warned many boards have not moved quickly enough to reduce charges on their investment trusts.

The Association of Investment Companies (AIC) has named the top 20 performing and most consistent investment companies over the past decade.

ITs

Investment trust sector sees an increase in number of boards implementing discount control mechanisms.

The FSA is reconsidering whether VCTs, REITs and offshore investment companies should be included in the forthcoming sales ban on unregulated collective investment schemes (UCIS) to retail investors.

Aberdeen Asset Management's William Hemmings, head of closed-ended funds at the group, has joined the Association of Investment Companies (AIC) board.