Woodford IM's Patient Capital trust has raised a record £800m during its offer period, and the company will be intent on avoiding the fate suffered by many of its chart-topping predecessors.

Ben Bernanke has become a senior adviser to a prominent US hedge fund, his first non-research role since leaving the US Federal Reserve.

Alliance Trust has hit back after a third shareholder body came out in support of Elliott Advisors in its campaign to overhaul the investment company.

Another shareholder body has added its voice to those recommending that Alliance Trust shareholders support the changes put forward by Elliott Advisors.

Odey's Tim Bond has joined the board of Law Debenture investment trust, after being voted in at its 2015 AGM.

Global trusts attracted the highest level of interest on the Association of Investment Companies'(AIC) website in the first quarter of this year.

Polar Capital Global Financials trust manager Nick Brind is backing smaller banks to outperform, and predicts a significant boost to financial sector dividends this year.

Canaccord Genuity's Lucy Mitchell has joined Smith & Williamson as an associate director tasked with developing its discretionary proposition.

Former Midas and Momentum sales head David Thomas has joined Liverpool-based Seneca Investment Managers as its new CEO.

Shell's planned £47bn takeover of BG Group could present ethical funds with a new dilemma as it removes one of their largest potential investments.