Managers give their verdict
Company to float in March 2017
Introduced new long-term discount target
Will appoint investment managers by February
Sister for BB Biotech trust
AIM bucks the trend
Fixed until June 2020
Queripel Partners, Electra and senior management entered lock-up agreement
Investment trust managers are showing renewed appetite for unlisted companies as a way of "differentiating themselves" from competitors, as they also hunt for fresh opportunities in a low-growth environment.
Investment trust providers need to have strong reasons to justify launching new closed-ended funds with equity mandates, as the sector becomes increasingly dominated by alternatives vehicles, according to Numis Securities.
Only 26% of investment trusts launched between 2000 and 2009 are still going strong, while the rest have been wound up due to poor performance, wide discounts or because their mandate is no longer relevant, according to Numis Securities.
IPO listings fall by more than half
Discusses challenges facing the UK market
Record-breaking secondary issuance figures
Private investments now 10% of portfolio
The message at this stage of the economic cycle, or any stage, is 'buyer beware'.
High yield products popular
Investment trust discounts have hit a fresh historic low, according to new figures from the Association of Investment Companies (AIC).
TwentyFour Asset Management's UK Mortgages investment trust has raised £250m during its initial public offering.
Carl Howard, commercial director at TD Direct Investing, analyses the best and worst economic performers on AIM since it launched
Chinese mainland shares have plummeted 6.5% as investors took profits, as a fresh squeeze on margin financing was blamed for the latest blip in the country's fierce equity rally.
Woodford IM's Patient Capital trust has raised a record £800m during its offer period, and the company will be intent on avoiding the fate suffered by many of its chart-topping predecessors.
Transact has reported record pre-tax profits for 2014 as it gains 10,000 new clients.