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Fund and manager news

All the latest news on funds, ITs and ETFs

Woodford Patient Capital: BlackRock and trust directors buy in

by Daniel Grote on Apr 24, 2015 at 13:01

Fund manager BlackRock snaps up 11% of trust while Woodford Patient Capital directors see stakes scaled back along with other investors.

BlackRock & Baillie Gifford fund Funding Circle

by Gavin Lumsden on Apr 23, 2015 at 15:52

Fund managers' fascination with alternative lending demonstrated by US peer-to-peer lender Funding Circle raising £100 million.

Terry Smith: why I am not an index hugger

by Gavin Lumsden on Apr 23, 2015 at 13:58

Terry Smith, Citywire AA-rated manager of the £3.5 billion Fundsmith Equity Fund, says why he thinks most fund managers have gone wrong.

Managers seek signs of Tesco turnaround after huge loss

by Jonathan Yarker on Apr 23, 2015 at 11:44

Fund managers draw some positives from Tesco's full-year results despite a huge £6.4 billion loss.

Bill Gross: German 10-year bund will be short trade of a lifetime

by Chris Sloley on Apr 23, 2015 at 09:30

Veteran bond investor tweets the need to bet against German government bonds some time, but just not yet.

The trust with bags of cash that's waiting for the crash

by Gavin Lumsden on Apr 21, 2015 at 16:46

Adam Ryan keeps his powder dry as he positions the BlackRock Income Strategies investment trust for a market correction. 

Woodford Patient Capital shares rise on debut

by Daniel Grote on Apr 21, 2015 at 10:57

Shares in the UK's biggest investment trust launch move to a small premium, leaving some profit for a few 'stags' who sell out.

David Kempton: 5 fund picks - but hold fire for now

by David Kempton on Apr 21, 2015 at 08:00

David Kempton presents five fund picks after meeting with Hawksmoor fund managers, but he's wary about the general election.

Tories tout Lloyds shares and peerage for Altmann

by Dylan Lobo, Gavin Lumsden on Apr 20, 2015 at 16:45

The Conservatives will sell up to £4 billion of Lloyds bank shares and make pension expert Ros Altmann a minister if they regain power.

Woodford raises record £800m for new trust

by Daniel Grote on Apr 20, 2015 at 16:05

Stockbrokers determine how individual applications are scaled back after Woodford Patient Capital Trust oversubscribed by nearly 10%. 

Diary of a Dumb Investor: why I'm selling Tesco

by Dumb Investor on Apr 20, 2015 at 15:42

Scarred by my Standard Chartered experience, I can't stand the thought of seeing my Tesco winnings evaporate.

Newcomer Niven leads Foreign & Colonial into European expedition

by Jennifer Hill on Apr 17, 2015 at 11:47

Paul Niven, manager of Foreign & Colonial, talks about the big play on Europe he introduced to the country's oldest investment trust.

Forget discounters: the real worry about Tesco

by David Campbell on Apr 16, 2015 at 12:44

Citywire AA-rated manager Margaret Lawson argues property problems pose as much of a risk to Tesco as Aldi or Lidl. 

Diary of a Dumb Investor: time to stop aping Woodford

by Dumb Investor on Apr 15, 2015 at 13:31

It makes less sense trying to copy Neil Woodford's small company buys now he's launching a fund focused on just those stocks.

New direct lending trust offers 10% dividend

by Gavin Lumsden on Apr 13, 2015 at 14:14

Ranger Direct Lending Fund aims to yield a higher income than the growing breed of peer-to-peer investment companies.

Causer buys more Tesco bonds in 'extraordinary' market

by Dylan Lobo on Apr 13, 2015 at 13:06

Invesco Perpetual's AA-rated Paul Causer buys more Tesco bonds in market where large parts have become 'uninvestable'.

Are smaller company investment trusts bargains?

by James Carthew on Apr 13, 2015 at 11:11

Trusts investing in UK smaller companies are on wide discounts, with only the recently-launched River & Mercantile Micro Cap on a premium.

4 shares the pros are buying

by David Campbell on Apr 13, 2015 at 05:00

A roundup of trades by professional investors. This time we look at N Brown, Vectura, Braemar Shipping and Cenkos Securities.

Under-fire Alliance Trust defiant ahead of showdown

by Daniel Grote on Apr 10, 2015 at 11:41

Alliance Trust chair defends investment trust's record ahead of showdown annual general meeting.

Jupiter's Ian McVeigh steps down from UK Growth fund

by Daniel Grote on Apr 08, 2015 at 12:20

Citywire AAA-rated manager will take on corporate governance role at fund group.

Neil Woodford on edge ahead of election

by Daniel Grote on Apr 07, 2015 at 10:54

Fund manager voices fears over impact of political uncertainty on stock market in Telegraph interview, and backs new cancer treatment centres.

Are you ready for a growth shock?

by Gavin Lumsden on Apr 07, 2015 at 09:00

We're at the beginning of an 'upswing', says Invesco Perpetual. Don't be too defensive in your investments and avoid government bonds.

Philip Rodrigs goes shopping to build Micro Cap trust

by Danielle Levy on Apr 06, 2015 at 08:00

River & Mercantile UK Micro Cap manager puts £51 million raised from investors to work and says he is finding 'stunning value'.

Canaccord's investment trust tips for 2015

by Gavin Lumsden on Apr 01, 2015 at 17:10

Looking for last-minute ISA ideas? Here are the investment trusts tipped by Alan Brierley of Canaccord Genuity this year.

Brunner managers refresh trust but deep discount remains

by Jeff Salway on Apr 01, 2015 at 16:37

Jeremy Thomas and Lucy Macdonald have trimmed holdings in the Brunner investment trust.

How Barnett restructured Woodford’s former funds

by Dylan Lobo on Mar 31, 2015 at 13:54

Mark Barnett has made some big changes to the Invesco Perpetual Income and High Income funds he took over from Neil Woodford.

Gervais Williams dives into illiquid microcaps

by Gavin Lumsden on Mar 30, 2015 at 14:53

Veteran smaller company investor launches Miton UK MicroCap trust to capture the growth potential of the UK's smallest stocks.

6 shares the pros are buying and selling.

by David Campbell on Mar 30, 2015 at 05:00

A roundup of trades by professional investors. This time we look at Lakehouse, Netcall, Victrex, VPC Lending Investment, KBC Advanced Technologies and Interserve.

Commodities carnage: will they bounce back?

by Neal Underwood on Mar 27, 2015 at 16:34

After widespread price falls for commodities, some believe they have dropped too far and are set for a rebound.

Schroders’ Marriage looks to IPOs after tough year

by Jonathan Yarker on Mar 27, 2015 at 16:03

Manager Paul Marriage saw his fund halve in size last year as investors fled smaller companies.

Monks shares rise as 'alpha' manager replaces Gerald Smith

by Gavin Lumsden on Mar 27, 2015 at 11:01

Baillie Gifford's Citywire A-rated Charles Plowden gets job of reviving Monks investment trust after a long period of poor performance.

Woodford, Invesco and Ruffer pour millions into Oakley

by Dylan Lobo on Mar 26, 2015 at 16:56

Neil Woodford and other leading fund managers backed a £130 million fund raising by private equity group Oakley Capital. 

ShareSoc backs Elliott in Alliance Trust battle

by Daniel Grote on Mar 24, 2015 at 13:17

Investment trust says it is 'surprised' ShareSoc has taken sides before board has issued circular to shareholders. 

Cheers! Nick Train celebrates bumper dividends

by Daniel Grote on Mar 23, 2015 at 16:17

Finsbury Growth & Income manager celebrates a series of big dividend increases by his stocks, including a 40% hike from Heineken.

Martin Currie's Graham halves stocks in Pacific Trust shake-up

by Jennifer Hill on Mar 23, 2015 at 14:21

Andrew Graham’s shake-up of Martin Currie Pacific, cutting holdings by half and prioritising the most sustainable stocks, could be turning performance around

Is the US bull market past its sell-by date?

on Mar 23, 2015 at 11:16

The US stock market has eclipsed all others since the financial crisis, but is it running out of steam?

FTSE breaks through 7,000! (Duller weather forecast)

by Gavin Lumsden on Mar 20, 2015 at 16:45

The FTSE 100 closed at a new all-time high of 7,022 as markets cheered the apparent delay in a rise in US interest rates. 

Jupiter's Davies: banks are only clear value left in UK

by Daniel Grote on Mar 20, 2015 at 11:40

Citywire AAA-rated manager says UK banks 'look very appealing' and eyes 6p dividend payout from Lloyds.

Raw quits BlackRock World Mining

by Gavin Lumsden on Mar 19, 2015 at 20:04

The board of battered mining trust apologises to shareholders, holds its dividend and announces the departure of co-manager Catherine Raw.

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