Witan Investment Trust

Move to fund of funds approach

Needs to 'remain relevant' to shareholders

Negative total return in H1 results

As more established 'dividend heroes', including the giant Foreign & Colonial and Witan investment trusts, report rising dividends for more than 40 consecutive years, the Association of Investment Companies (AIC) has identified the up-and-coming funds...

41st consecutive rise

The Cayenne investment trust is to set to wind up next year as co-managers Len Gayler and James Hart pursue other opportunities.

The Gabelli Value Plus trust is to list on the London Stock Exchange on 19 February after a fundraising period described by Numis analysts as "a considerable success".

Some of the UK's most prominent investment trusts received a performance boost last year from their positions in unquoted companies, one of which went on to launch the largest IPO in history.

The Association of Investment Companies (AIC) has elected Peter Arthur to replace Andrew Bell as chairman.

The Witan Investment trust has said it will continue to invest in funds which charge performance fees as it revealed a strong set of results for 2013.