Investment Trust

The Battle Against Cancer Investment trust (BACIT) has revealed details of its holdings as it invests an initial £200m worth of assets.

Small caps and European focused investment trusts topped the performance charts in the third quarter, while Japanese portfolios lagged, new data from Oriel Securities has revealed.

Venture capital trusts (VCTs) are facing the prospect of a steep decline in fundraising if they are not granted an exemption from the FSA's ban into the sale of unregulated collective investment schemes (UCIS) to retail investors.

FINALISTS

The publication of John Kay's government-backed review into UK equity markets earlier this week has brought the issue of short-termism back into the spotlight.

The Share Centre has ditched T1PS Investment Management's Tom Winnifrith as manager of its two small-cap mandates in favour of former Unicorn founder Peter Webb.

INVESTMENT TRUSTS

SWIP

Chancellor George Osborne has announced a clampdown on venture capital trusts (VCTs) and enterprise investment schemes (EIS') purely set up to access tax reliefs.

RIT Capital, the £1.9bn investment trust founded and chaired by Lord Jacob Rothschild, has announced the creation of a strategic partnership with international asset manager Edmond de Rothschild Group.