River & Mercantile saw inflows return in the first quarter of 2015, and expects a further uptick once Hugh Sergeant's latest portfolio is launched.

Miton's new UK MicroCap trust has raised almost £50m during its IPO period, the company has announced.

The £930m J.P. Morgan American investment trust has been run by New York-based Garrett Fish (pictured) and Eytan Shapiro for over a decade.

The Battle Against Cancer investment trust (BACIT) has backed Woodford's Patient Capital trust at launch.

Alliance Trust's agreement to appoint two of the non-execs proposed by Elliott Advisors has been proclaimed a victory for the hedge fund, but the trust's future direction remains up in the air.

J.P. Morgan Asset Management is merging its underperforming UK Focus fund into its UK Dynamic fund following a strategic review.

Wealth manager London & Capital has hired Towry's general counsel Thomas Donlon in a bid to manage regulatory change and drive business growth.

Alliance Trust chief executive Katherine Garrett-Cox has defended her remuneration package ahead of a crucial week for the company, saying she has fully reinvested her 2014 and 2015 bonuses as a sign of "commitment".

Investors' unease over the general election has been blamed for discounts on several UK equity investment trusts reaching their widest point in 12 months.

Henderson Global Investors' chief executive Andrew Formica has warned the UK's credit rating could be put at risk by a Labour triumph at next month's general election.