investment trusts

Investors' unease over the general election has been blamed for discounts on several UK equity investment trusts reaching their widest point in 12 months.

Neil Woodford's Patient Capital trust has raised £800m during its offer period, a record for a London-listed investment trust.

Woodford Investment Management (WIM) has increased the initial fundraising limit for its Patient Capital trust from £500m to £800m in response to investor demand.

Split capital trusts are regarded as higher risk by the industry but it is important to recognise the choice their unusual structure provides for investors, says Simon Crinage, head of investment trusts at J.P. Morgan Asset Management

Elliott Advisors has increased its voting stake in Alliance Trust in the run up to the trust's annual general meeting later this month.

Latest complaints data published by the regulator has revealed a record number of second half complaints over investment products, driven by a rise in reports focusing on unit trusts and OEICs.

Tim Ingram, chair of the Wealth Management Association and a former director of Alliance Trust, has backed Elliott Advisors' proposals to add three non-execs to the trust's board.

Baillie Gifford's global alpha equity team have replaced Gerald Smith as manager of the Monks investment trust as the board seeks to improve performance.

Fidelity Asian Values manager John Lo has stepped back from running the trust after a 13-year spell in charge, to be replaced by Nitin Bajaj.

Navigating 'known unknowns'