Story by: Emma Ann Hughes, FTAdviser
As the subscription closing date for Fidelity's China investment trust – 5 April - approaches many investors may rush to buy into it without realising the risks, according to Minerva Fund Managers' Paul Warner.
Witan investment trust reported a share price return of 30.6 per cent for 2009, according to its final results, after increasing gearing to take advantage of distressed share prices at the beginning of the year.
Advance UK investment trust is set to be wound up after investors voted in favour of a proposal to wind up the closed-end investment fund.
The JP Morgan Claverhouse Investment trust's performance last year was helped by gearing, with the strength of value stocks offset by weaker growth and momentum holdings.
Proposals put forward by the board of Bramdean Alternative investment trust - formerly managed by investment heavyweight Nicola Horlick - could see it rebranded with the Aberdeen name.
The Shires Smaller Companies investment trust slashed gearing from more than 52 per cent to 38 per cent during 2009, moving away from an increasingly expensive zero-coupon finance (ZCF) structure after the credit crunch.
Throgmorton enjoyed a solid first full year under its revised mandate in 2009, predicting further outperformance from its small and mid-cap universe through the recovery.
The Perpetual Income & Growth investment trust (PIGIT) is looking to raise further capital through an issuance of new B class shares.
JPMorgan Asset Management has confirmed plans to launch the UK's first Brazil investment trust, as it moves to complete its closed-end emerging markets fund range.
Harry Nimmo's Standard Life UK Smaller Companies investment trust struggled in the third quarter of 2009, before market focus returned to quality companies.
When Tony Yarrow walked into his local Chipping Norton branch of Barclays Bank in 1992 to set up a business account, the manager asked him what he was going to do. "Investment management," said Mr Yarrow. "I shouldn’t think there’s much call for that around here," the Barclays manager replied.
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There’s something rotten in asset management. Maybe that turn of phrase doesn’t have the same ...