Smaller Companies

Neil Woodford's Patient Capital trust has raised £800m during its offer period, a record for a London-listed investment trust.

FinnCap broker and former City AM diary editor Victoria Bates has joined Liontrust as the third fund manager on its Economic Advantage team.

SWMC Small Cap European fund manager Jamie Carter has taken his gross market exposure to a record high in the view smaller companies are being overlooked by investors in the "mad scramble" to buy European equities.

The AIM market has been battered this year, dragged down by falls of more than 50% in some of the index heavyweights. Hargreave Hale's Oliver Bedford highlights two lesser-watched stocks lighting up the market.

Paul Marriage's Schroder UK Dynamic Smaller Companies fund is to reopen to new investment on 20 October after assets fell to a more manageable level.

Investment Trusts

Standard Life Investments has recruited a manager from SWIP to run its European Smaller Companies fund, raising questions over whether Ignis' Ian Ormiston will make the move to SLI.

Ian Ormiston has added to European construction stocks in his Ignis European Smaller Companies fund in the expectation this area of the market is in line to benefit from a economic recovery.

With this week marking the five-year anniversary of both record low base rates and the FTSE 100 bottoming, Investment Week looks at the funds that have taken advantage of the subsequent recovery.

Unicorn Asset Management has promoted two members of its investment team to co-manage its flagship £534m Unicorn UK Income fund.