Investment Trust

Hedge fund Elliott Advisors has said it is "surprised and disappointed" by Alliance Trust's response to its proposals for a shake-up of the trust's board.

Woodford Investment Management (WIM) is to take a 15% performance fee of any excess returns above the 10% annual return target on its Patient Capital investment trust.

GLI Finance is considering the launch of a trust investing in a portfolio of loans with a "high single digit" yield target.

Alliance Trust's head of equities, Peter Michaelis, said an increased focus on sustainability has driven a number of significant changes to the group's £2.5bn flagship global trust over recent months.

By investing only in the largest trusts, investors are ignoring a plethora of funds offering a combination of value and scope for narrowing discounts, says Nick Greenwood, manager of the CF Miton Worldwide Growth investment trust

The year investment trusts were brought back down to earth

Baillie Gifford has made the manager of the Edinburgh Worldwide investment trust, Douglas Brodie, a partner in the business.

Baillie Gifford partner Tom Slater has been promoted to co-manager of Scottish Mortgage, the UK's largest investment trust, alongside James Anderson.

James Henderson has added a small stake in Tesco to his Lowland investment trust, after shares plunged 15% following the supermarket's third profit warning in four months.

Lindsell Train’s unusual take on key man risk