Gervais Williams

Nine years since fall of Lehman Brothers

AUM now 'well over £3bn'

Stronger second half

Miton's UK MicroCap trust has announced its first share issue since launch in April, raising an additional £4.3m.

The launches of three small-cap investment trusts in close succession will give liquidity in the lower end of the market a much-needed boost, according to L&G's Richard Penny.

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

The steep fall in the oil price could damage growth and dividend prospects for some of the UK's biggest stocks, adding to managers' concerns over the outlook for the wider market.

Miton Group has reopened its UK Multi-Cap Income to new investors after imposing an initial charge last year.

Big on small

Outsourcing company Quindell has won a court battle against a short-seller which caused its share price to dive 40% earlier this year.