Investment Trust

The Mid Wynd International investment trust has bounced back, after switching management from Baillie Gifford to Artemis last year, with total net assets up 28% to £80.8m over the year to June 2015.

Neil Woodford's Patient Capital Trust is to issue new shares in a tap issuance programme to satisfy 'excess demand' from investors.

Will Landers, manager of BlackRock's Latin American investment trust, said he has adopted a defensive but more flexible investment approach as the region continues to struggle.

Miton's UK MicroCap trust has announced its first share issue since launch in April, raising an additional £4.3m.

The board of the Fidelity Japanese Values trust has appointed Nicholas Price, who currently runs a number of the group's Japanese funds, as its new manager.

P2P Global Investments has raised £400m from its latest C share issue after receiving backing from a number of high-profile shareholders.

Fidelity is cutting the annual management charge on its £182m Asian Values investment trust, as it moves to a tiered pricing structure.

Alliance Trust has promised to announce "changes" to business in the autumn, as it reported deteriorating performance for the first half of 2015.

Smith and Williamson's James Burns has said that value is beginning to re-emerge in the investment trust sector, after discounts significantly narrowed at the end of last year.

The manager of a table-topping biotechnology trust has said careful use of the closed-ended structure has enabled him to outperform, including holding half of his assets in just five stocks.