BlackRock is set to replace F&C as manager of the British Assets trust after the company's board proposed a change of objective in order to target pension savers.
Investors using direct to consumer platforms are now among the largest shareholders in investment trusts, as a post-RDR revival for the sector gets underway.
F&C multi-manager Rob Burdett has warned mainstream property funds are holding too much cash following a surge in inflows, making the sector unattractive.
Liontrust Asset Management has hired James Beddall from F&C Investments as co-head of international sales.
Which European stocks are bucking the dividend slowdown?
F&C is in discussions with the IMA to add its Real Estate Securities and Real Estate Equity Long/Short funds to the IMA Property and Absolute Return sectors sectors respectively.
Private equity firm Electra has rebuffed activist investor Edward Bramson's attempt to become a director.