MAM Funds

Investment trust analysts have warned arbitrage activity will be rife in 2012 and could lead to a number of wind-ups in the sector this year.

Owning gilts has made the single largest contribution to recent performance of the £761m Miton Special Situations fund, and there is more money to be made in the asset class, said manager Martin Gray.

Fund management groups and analysts have warned new dividend rules for investment trusts could see shareholders lose out as portfolios become less tax efficient.

MAM Funds has seen its share price soar in early trading after the group revealed assets under management held up firmly in 2011.

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We ask investment experts for their forecasts for 2012.

MAM has unveiled plans to revamp its Midas Income & Growth trust, headed up by the group's chief investment officer Alan Borrows, which will see the trust cut its dividends.

Ex-Witan investment trust CEO Robert Clarke has joined MAM Funds in the newly created role of group finance director and director of operations.

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