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Shareholders shoot down Eaglet director dealing changes

16:20 | 20 Nov 2008 | By David Campbell

Shareholders have blocked plans to turn the Eaglet investment trust into a directors’ dealing mandate, throwing the new ownership’s plans for the fund into disarray.  

McLean's SVM UK Active takes a hit from resource bubble

12:38 | 20 Nov 2008 | By David Campbell

Colin McLean’s SVM UK Active trust has filed a painful set of results for the six months to the end of September, down 18% compared to a 13.5% FTSE All-Share benchmark.

Seven Dials plans UK property launch

13:38 | 19 Nov 2008 | By David Campbell

Property fund and discretionary wealth manager Seven Dials is canvassing private client investors and advisers about the launch of a new UK bricks and mortar mandate.

Scottish Investment trust calls time on defensives and reveals top stock picks

13:32 | 19 Nov 2008 | By David Campbell

The Scottish Investment trust has said it is to begin moving its portfolio from its defensive position into more cyclical and market sensitive stocks.

SLI Equity Income trust posts one third fall in assets

14:16 | 14 Nov 2008 | By David Campbell

The Standard Life Equity Income trust saw its total assets fall almost a third over the year to the September 2008, falling from £145.7 million to £99.9 million.  

RAB closes three retail funds in strategic overhaul

10:05 | 14 Nov 2008 | By Dylan Lobo

Shares in RAB Capital surge 20% on its plans to close three funds in its retail operation as part of a widespread overhaul of its business which will see a significant reduction in its product range.

Liontrust profits up 10% despite heavy fall in assets

11:40 | 13 Nov 2008 | By David Campbell

Liontrust managed to increase its profit before tax by 10% during the first half of the year but admitted that the second would be much tougher after a 28% fall in assets under management. 

The Daily Interview: Midas' Gray calls bottom for property

10:33 | 13 Nov 2008 | By David Campbell

Citywire A-rated asset allocator Martin Gray of Midas has called time on the commercial property downturn and has started building an initial stake in listed property vehicles.

Gartmore smaller companies trust to switch to AAA-rated Nimmo

17:19 | 10 Nov 2008 | By David Campbell

Gartmore Smaller Companies trust has agreed to merge with Standard Life Smaller Companies trust.   

The Daily Interview: HSBC Infrastructure looks overseas

10:33 | 07 Nov 2008 | By David Campbell

The HSBC Infrastructure Company fund is likely to further diversify its holdings overseas as public finance initiatives are accepted round the globe, manager Tony Roper has said.

Top 20 investment trusts revealed

13:28 | 04 Nov 2008 | By David Campbell

Mainstream UK equity is notable by its almost complete absence from a list of the top 20 most consistent investment trusts over the last decade dominated by emerging markets 

Invista Foundation reports sharp NAV falls but pays down debt

11:30 | 30 Oct 2008 | By David Campbell

Invista Foundation Property has reported continuing sharp falls in its net asset value over the third quarter but good progress in paying down its borrowing.

Eaglet changes name to Directors Dealing Trust

15:03 | 28 Oct 2008 | By David Campbell

Eaglet Investment Trust has changed its name and proposed buying up to 49% of ordinary shareholders’ stakes in the company as it attempts to liquidate its current assets and move to a new strategy.

Fabian Romania admits pricing difficulties as NAV falls

11:18 | 28 Oct 2008 | By David Campbell

Real estate investment trust Fabian Romania has recorded a falling net asset value in the third quarter but warned a sales collapse means it is near impossible to accurately price.  

City of London delays main market listing in face of storm

11:10 | 28 Oct 2008 | By David Campbell

The financial storms now ravaging the emerging markets as well as the west have forced the City of London Investment Group to postpone its move to a main-market listing.

New disclosure rules on derivatives get green light

13:08 | 23 Oct 2008 | By Deborah Hyde

The FSA has decided to go ahead with plans to tighten disclosure rules on derivatives positions from next September.  

Investment veteran Ian Rushbrook dies

11:24 | 13 Oct 2008 | By Sara Smith

Managing director of the Personal Assets Trust, Ian Rushbrook, died yesterday following a short period of illness.

AXA Property Trust reports 14.8% NAV increase

13:16 | 10 Oct 2008 | By Sara Smith

AXA Property Trust has reported consolidated net profit reached £3.8 million over one year to the end of June, while net asset value per share has risen 14.8% since June 2007.

BlackRock Smaller Companies Trust outshines benchmark

16:09 | 09 Oct 2008 | By Sara Smith

BlackRock Smaller Companies Trust posted a 4.7% fall in its net asset value (NAV) during the six months to the end of August versus a benchmark Hoare Govett Smaller Companies (HGSC) HIX Index fall of 14.8%.

Saints appoint former BoE deputy governor Lomax to its board

17:01 | 07 Oct 2008 | By Dylan Lobo

The former deputy governor of the Bank of England, Rachel Lomax, has been appointed to the board of the Scottish American Investment Company (Saints)

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