Investment Trust

The board of the £1.3bn Murray International Trust has blamed "significant" underweights to North America and Japan for underperformance in the first half of 2013.

Fund supermarket Hargreaves Lansdown is continuing to shun investment trusts despite bolstering its research into the sector over the past year.

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

Fidelity's Anthony Bolton has committed to hold on to his stake in the China Special Situations investment trust after he hands it over to Dale Nicholls in April next year.

ITs

Polar Capital is set to launch a Global Financials Investment trust for managers John Yakas and Nick Brind, in a move to exploit lowly valuations of banks across the world, Investment Week understands.

Miton's Gervais Williams has been named as the new manager on the £12m Investment Company plc, prompting a near 30% rise in the trust's shares.

J.P. Morgan Asset Management has named Simon Crinage as the new head of its investment trust business, following the departure of David Barron earlier this year.

Investment trust analysts at Liberum Capital argue investors should be digging deeper to find value in the investment trust space.

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