Troy Asset Management

Troy's Sebastian Lyon, manager of the £600m Personal Assets investment trust, has warned equity and bond valuations are approaching pre-crisis peaks, and bullish investors could get caught out if they fail to brace their portfolios for a market correction....

Troy Asset Management has launched an offshore mirror version of its popular Trojan Income fund, headed by Francis Brooke and Hugo Ure, after it soft-closed the onshore portfolio last month.

Charles MacKinnon, chief investment officer at Thurleigh Investment Managers, has named five funds he is backing as he looks to boost exposure to equities in his portfolios.

ITs

Troy's Trojan Income fund manager Francis Brooke has sold his position in Aberdeen Asset Management after its share price doubled in the space of 12 months.

The Financial Services Authority (FSA) is holding discussions with asset managers over more effective ways to allow groups to close open-ended funds to new investors.

In a low-rate world, the feverish scramble for yield means the equity income story has been well-flagged to investors in recent years, but are key shares now reaching an unsustainable peak?

Global stock markets have notched up impressive gains over the past three months, with the FTSE 100 yesterday breaking the 6,400 barrier to reach a five-year high.

Investment trust sector sees an increase in number of boards implementing discount control mechanisms.

Troy Asset Management chief executive Sebastian Lyon has cautioned on UK equities, suggesting falling UK corporate earnings are a warning sign for investors.