Bank under attack from Edward Bramson
It has been a busy year for the closed-ended sector having celebrated its 150th anniversary and seeing the largest number of IPOs in over a decade. Check out our gallery showcasing the biggest investment trust stories of 2018.
Outcome of third stage of strategic review
Investment trust round-up
Paying out special dividend
Say Electra faces 12 months of uncertainty
Announced as cash levels rose to £650m
Latest report from QuotedData
Strategic review kicked off in May
Testing appetite for a listing
Latest in series of board departures
Another departure from trust's board
Analysts have hit out at last week's decision by the board of the £1.7bn Electra Private Equity investment company to terminate its contract with investment manager Electra Partners after four decades, warning the announcement has exacerbated an already...
Ex-Aviva Investors Lis appointed to board
Interim dividend of 44p per share
Following resignation of Roger Yates
Follows shareholder demand
Board member Cullinan resigns
Shareholders in Electra Private Equity have voted to elect activist investor Edward Bramson onto the board, after a public debate over the future of the trust.
Share price total return up 25%
Activist pursuing board appointments
Figures from the AIC show that 45% of investment trusts have now had the same manager for at least a decade, with a select few having been in charge for a quarter century.
Alliance Trust may find inertia its most powerful weapon in the attempt to fight off Elliott Advisors' proposals for change at the company.