The board of the Schroder UK Growth trust has retained the fund house to run the portfolio following a beauty parade - but the company's investment style will no longer follow the group's 'business cycle' process.
Nick Marshall has left Smith & Williamson Investment Management after the firm overhauled its portfolio strategy recently.
Seneca Investment Management has suggested investors move out of fixed income in order to avoid getting caught out by a painful correction.
The net asset value of the Fidelity China Special Situations trust rose by 7% on Friday following Chinese e-commerce site Alibaba's record $25bn IPO.
New rules for open- and closed-ended funds
Investment trust analysts at Winterflood Securities have marked Scottish investment trusts as a buying opportunity should the country vote ‘yes' to independence.
The board of the Schroder UK Growth trust, previously run by Julie Dean, is planning to review alternative managers for the trust in the next few weeks following the manager's departure.
The discount on Julie Dean's Schroder UK Growth investment trust has jumped sharply in the last few days following the announcement of her exit from the group.