Investment Trust

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.

Martin Currie Pacific trust's shareholders have agreed to rename the company Martin Currie Asia Unconstrained trust, as it moves away from commitments to invest in Japan and Australia.

J.P. Morgan Asset Management (JPMAM) is eyeing the Channel Islands market to support the next growth stage of its 23-strong investment trust range.

TwentyFour Asset Management's UK Mortgages investment trust has raised £250m during its initial public offering.