Author: Investment trusts - Investment Week

R&M UK Micro Cap trust board monitoring discount following Rodrigs’ departure

R&M UK Micro Cap trust board monitoring discount following Rodrigs’ departure

The board of the £93m River and Mercantile UK Micro Cap trust has discussed plans to control volatile discount movement since the departure of well-known UK manager Philip Rodrigs.

Scottish Mortgage dips into capital reserves to maintain dividend record

Scottish Mortgage dips into capital reserves to maintain dividend record

The board of the £7.1bn Scottish Mortgage investment trust has decided to pay this year’s dividend from a combination of earnings, capital reserves and the remainder of its revenue reserves, in order to maintain its track record of increas…

Baillie Gifford’s Slater: Being a long-term investor is a difficult thing to be in this most impatient of industries

Baillie Gifford’s Slater: Being a long-term investor is a difficult thing to be in this most impatient of industries

Tom Slater, head of Baillie Gifford’s US equities team and co-manager of its £6.8bn Scottish Mortgage trust and £1.3bn American fund, tells Jayna Rana why he is excited about healthcare, the unlisted opportunities catching his eye and what…

Baillie Gifford’s Mileva discusses new approach for Schroders UK Growth fund

Baillie Gifford’s Mileva discusses new approach for Schroders UK Growth fund

Baillie Gifford’s Milena Mileva has shed light on plans to overhaul the Schroder UK Growth fund, which is currently being transferred to the Edinburgh-based investment firm.

Board of Aberdeen New Thai trust plans overhaul to boost performance

Board of Aberdeen New Thai trust plans overhaul to boost performance

The board of the £95m Aberdeen New Thai Investment trust has announced a number of proposed changes it is putting forward in a bid to turn around the underperformance seen in recent years.

Woodford Patient Capital’s three-year milestone clouded by Prothena hit

Woodford Patient Capital’s three-year milestone clouded by Prothena hit

Neil Woodford’s three-year anniversary since the inception of his £626m Patient Capital trust has been overshadowed by the fund’s third largest holding Prothena falling 69% on Monday.

Fidelity Asian Values board to implement variable management fee

Fidelity Asian Values board to implement variable management fee

The board of the £286m Fidelity Asian Values investment trust has announced plans to introduce a new variable management fee, to “align shareholder interests with the investment style of the portfolio manager”.

AIC expands universe with new UK REITs and SFS-listed trusts

AIC expands universe with new UK REITs and SFS-listed trusts

The Association of Investment Companies (AIC) has added ten new members to its universe to reflect the growing number of property trusts and vehicles listed on SFS.

Invesco to give up Enhanced Income trust over fee disagreement

Invesco to give up Enhanced Income trust over fee disagreement

Invesco has given written notice to the board of the £132m Invesco Perpetual Enhanced Income trust that it will be stepping down as investment manager over contractual arrangements.

Board of Schroder UK Growth trust hands mandate to Baillie Gifford

Board of Schroder UK Growth trust hands mandate to Baillie Gifford

The board of the £259m Schroder UK Growth investment trust is set to terminate its relationship with the group, removing Philip Matthews as manager and handing the portfolio to Baillie Gifford’s Iain McCombie and Milena Mileva.