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Asia Pacific Outlook 2009: Chinese tiger to keep roaring despite catching US cold

08:00 | 03 Jan 2009 | By David Campbell

December 2008 marked the 30th anniversary of China’s first steps toward market reform but also found the country, now the undisputed powerhouse of the Asia Pacific region, at an uncomfortable juncture.

The Daily Interview: AAA-rated Nimmo optimistic of a recovery in 2009

11:01 | 22 Dec 2008 | By Drazen Jorgic

Standard Life small-cap specialist, Harry Nimmo, says there are signals UK may see a recovery in 2009.

Fabian Romania agrees all-cash offer for trust

10:51 | 19 Dec 2008 | By David Campbell

Fabian Romania has agreed an exit deal with Romanian billionaire Dinu Patriciu at significantly above share price but well below full portfolio value.  

Almost half of trust managers expect to increase gearing

16:20 | 18 Dec 2008 | By David Campbell

Almost half of all trust managers expect to increase debt in next year says annual AIC poll.

M&G proposes M&G Recovery Trust wind-up

13:45 | 15 Dec 2008 | By David Campbell

The board of the M&G Recovery Trust has published initial proposals on winding up the company, offering shareholders full-cash redemption or a roll-over into other M&G funds.

Bramdean Alternative exposed to Madoff's '$50bn fraud'

14:06 | 12 Dec 2008 | By David Campbell

Nicola Horlick's Bramdean Alternative has admitted indirect exposure to a hedge fund company which saw its director arrested by the FBI yesterday over an alleged $50 billion fraud.

Scottish Mortgage trust liquidates £100m as it nears breach of covenants

08:30 | 12 Dec 2008 | By David Campbell

The Scottish Mortgage Investment trust has liquidated £100 million of its portfolio after client assets under management fell to within 1% of its loan-to-value banking covenants.

Blue Planet backs New Star, taking 6.7% stake

00:01 | 11 Dec 2008 | By Drazen Jorgic

Blue Planet Investment Management has bought a substantial stake in New Star Asset Management, citing a 'once in a decade' opportunity.

Outflows continue at New Star

11:28 | 10 Dec 2008 | By Drazen Jorgic

The majority of New Star's unit trusts are continuing to see outflows as doubts over its ownership persist.

Alliance Trust to close Hong Kong office and cut costs

10:58 | 10 Dec 2008 | By David Campbell

Alliance Trust has announced another stage in its transition to multi-manager boutique with the closure of its Hong Kong office and new cost controls at Alliance Trust Savings.

Alliance Trust will cease new business on Full Sipp

13:52 | 09 Dec 2008 | By Maryrose Fison

Alliance Trust will cease new business on its full Sipp product from Friday, due to concerns over its administration.

Shrewd Snapshot: Midas Income & Growth ups exposure to Invesco Perpetual stars

09:51 | 04 Dec 2008 | By David Campbell

Midas Capital stock picker Alan Borrows of the Midas Balanced Income fund and Income and Growth trust has doubled his holding in the City Merchants High Yield trust.

Caledonia stalwart Peter Buckley dies

13:46 | 02 Dec 2008 | By David Campbell

Peter Buckley, former chairman and chief executive of Caledonia Investments, has died suddenly after a short illness at the age of 66, the company has announced.

ING Real Estate to lay off fifth of UK staff

12:32 | 02 Dec 2008 | By David Campbell

ING Real Estate Investment Management is to lay off around 32 UK staff across the board in the lead up to Christmas, equivalent to around one in five of its employees.

Scottish Investment trust lags index but talks up prospects

12:23 | 01 Dec 2008 | By David Campbell

The Scottish Investment trust saw its net asset value fall 31.2% over the year to the end of October compared to a 28.9% in the FTSE All-World index.

Foreign & Colonial slashes private equity portfolio value by 20%

11:58 | 28 Nov 2008 | By David Campbell

Foreign & Colonial Investment Trust (FCIT) has been forced to mark down the value of the fund’s private equity investments by a fifth.

McLean knocked again as SVM Global slumps

13:56 | 27 Nov 2008 | By David Campbell

Colin McLean has taken another blow as his SVM Global fund returned a dire set of figures for the year.

SVM's McLean buys Lloyds and HSBC

13:59 | 25 Nov 2008 | By David Campbell

Colin McLean, managing director of SVM Asset Management, has called the market on selected UK financials saying that all potential downside has finally been priced in.  

Bramdean Alternative nurses 10% losses

10:39 | 25 Nov 2008 | By David Campbell

Bramdean Alternative saw its net asset value fall more than 10.5% over the six months to the end of September, from $256,400,905 to $229,472,145.

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.  

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