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...She added: “This is where the disquiet comes in for trustees — and their advisers too.”...
...Mark Cliff, chair of trustees for the Debenhams Retirement Scheme, said: “We are confident that transferring members’ benefits to Clara provides the best available outcome for them.”...
...Nick Allaway, a former accountant and trustee of the charity, said he had to call on industry contacts to get the account reopened in January....
...longtime former partners of the hedge fund and which owned a small stake in the club before the sale....
...of its bitcoin trust into an ETF but lost a federal appellate court decision last year....
...The discount, which stands at an industry average of 9 per cent to net asset value, has put some investment trusts on the brink of being wound up or targeted by hedge funds including Paul Singer’s Elliott...
...“The bigger funds are more nimble and can act quickly,” said Chris Roberts, managing director at Dalriada Trustees, a firm of professional trustees....
...But she told the Financial Times she would have “cause for concern” if ministers were to go a step further and direct trustees as to where funds should be allocated....
...“I am not sure that it is the role of the government to tell trustees where they place their money,” said Armitt....
...Purchases totalled £948mn last year, down 28 per cent from 2022’s record high of £1.3bn, according to data from the Association of Investment Companies, a trust industry body....
...Some of the sector’s problems are common to the wider investment trust industry. Higher interest rates have increased the allure of other lower-risk asset classes....
...Employers’ access to billions of pounds of surpluses in UK company pension funds would be eased under proposals set out by the government on Friday....
...Lai Shyh-bao, a Kuomintang politician and member of the Financial Committee, questioned whether the FSC was trying to regulate ETFs or their promotional tactics, saying that the regulator had always encouraged...
...At a meeting held last month, the firm proposed to its board of trustees for Pimco Funds that it consider converting its $141mn Mortgage-Backed Securities Fund from a mutual fund into an ETF, the filing...
...Pension funds in the UK have about £88bn ($111bn) invested in the fossil fuel industry — nearly a quarter of which is through bonds — according to the responsible investing campaign Make My Money Matter....
...in the industry....
...Trusts can be set up in a number of ways, including through outright gifting, but also on the back of a will....
...Its £1bn investment trust also had a tough 2023, with the trust’s managers noting that last year was “the worst in the history of Ruffer Investment Company”....
...Meanwhile, SinoPac Securities Investment Trust, a mid-size local firm, recorded the highest growth in ETF management fee income among the top 10 fund houses, with a rise of 38 per cent to NT$59mn in 2023...
...“I think that [the leaving of items] has died down a bit now,” says Harvey Edgington, senior filming and locations manager at the National Trust....
...The fund’s assets under management totalled $9.5bn at the end of last year, up by a third from 2022....
...According to Jefferies, this is the largest ever buyback programme by a UK investment trust, with £1bn representing 9 per cent of the Scottish Mortgage Investment Trust’s shares....
...Investment trusts make up 27 per cent of the companies in the FTSE 350 index....
...The scheme, known as the Energy Transition Accelerator, was supported by Andrew Steer, president of the Bezos Earth Fund, a key financial backer of SBTi, as well as by the Rockefeller Foundation....
...The “tempo of questions” from asset managers was “rising quite rapidly” as the go-live date for T+1 in the US nears, said Gerard Walsh, head of client solutions, banking and markets at Northern Trust....
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