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The latest news from Citywire Financial Publishers Limited.

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9:04 Wed 27 Aug 2008
Bramdean Alternatives liquidates holdings as hedge funds suffer
Bramdean Alternatives is to redeem some of its largest holdings, including a hedge fund run by one of the fathers of futures trading Myron Scholes, as it repositions its portfolio.

14:05 Wed 20 Aug 2008
Witan endures 11.4% first half fall in NAV
Witan Investment trust has posted an 11.4% fall in net asset value over the first half of 2008 and 12.2% over the last year, blaming global volatility.

10:05 Tue 19 Aug 2008
Garrett-Cox appointed Alliance Trust chief
Alliance Trust has announced that former chief investment officer Katherine Garrett-Cox is to become chief executive following the departure of Alan Harden.

12:02 Fri 15 Aug 2008
Octopus bolsters investment and operations teams
Octopus Investmentshasappointed Matthew Setchell as investment manager forits intermediate capital management team.

9:01 Mon 11 Aug 2008
The Daily Interview: Resource bubble masks recession, says Aberdeen's Stout
One year on from the start of the credit crunch andthe only thing disguising the recession the western world has entered is a resource bubble, Bruce Stout of Aberdeen has warned.

12:05 Thu 31 Jul 2008
A-rated Devlin to co-manage BlackRock Greater European trust
Citywire A-rated Vincent Devlinhas been appointed co-manager on the BlackRock Greater European Investment Trust (GEIT).

10:02 Thu 31 Jul 2008
What next for Alliance Trust?
Alliance Trust's chief investment officer Katherine Garrett-Cox is widely tipped to take over as chief executive when Alan Harden leaves in October, but analysts are divided over where she should take Britain's largest investment trust.

16:05 Wed 30 Jul 2008
CQS New City takes control of Golden Prospects
Golden Prospect Precious Metals, an AIM-listed company focusing on equity investments in metals and mining companies, has agreed to appoint CQS New City as new investment managers.

11:05 Tue 29 Jul 2008
Alliance trust appoints head of global equities
Alliance Trust has appointed three new specialist managers to its investment team as it seeks to buildup its resourcesin emerging asset classes.

10:02 Mon 28 Jul 2008
Octopus bags key Close staff and Aim VCTs
Citywire can reveal that Octopus Investments is poised to announce that it has secured the services of Close Investments' Aim portfolio management team as well as the mandates for its range of Aim trusts.

9:05 Mon 28 Jul 2008
JPMorgan Cazenove appoints new CEO
JPMorgan Cazenove has appointed Naguib Kheraj as chief executive after Robert Pickering stepped down in March.

9:03 Mon 28 Jul 2008
Knox D'Arcy unveils plans for Eaglet
Knox D'Arcy Investment Management has outlined the proposed changes toEaglet Investment Trustahead of a shareholder vote to decide its future.

13:01 Mon 21 Jul 2008
Lord Rothschild appoints Marshall Wace founder to RIT board
Lord Jacob Rothschild has appointed on of the world's most recognised hedge fund managers, Ian Wace and the chief investment officer of Oxford University Asset Management (OUAM) to the board of his family investment trust.

10:00 Mon 21 Jul 2008
Unicorn's Webb steps down
Unicorn's chief executive Peter Webb has stepped down from the firm and resigned from his role as director.

15:00 Thu 17 Jul 2008
BlackRock posts 5% rise in assets despite 'challenging' market conditions
US investment giant BlackRock has reported a 5% rise in assets under management (AUM) in the quarter to 30 June 2008 to$1.428 trillion (£0.715 trillion), despite the current market volatility.

10:05 Fri 11 Jul 2008
Oil price will correct, but don't be scared off, says Independent Trust
The Independent Investment Trust has warned that the 50% of its portfolio invested in oil and mining stocks could face a short-term correction but said it will not be selling out.

9:04 Wed 9 Jul 2008
Henderson's Asian manager Kerley shuns India
Henderson Global Investors' Asian fund manager Mike Kerley is avoiding the Indian stock market because of the state of its current accounts and the high valuations of its stocks.

10:01 Tue 8 Jul 2008
Gush to co-manage Baillie Gifford Pacific Horizon Investment Trust
Baillie Gifford has appointed Mike Gushasco-managerof the Pacific Horizon Investment Trust alongside Gerald Smith.

13:09 Mon 7 Jul 2008
Schroders launches agricultural land fund
Schroders is launching an investment trust investing in global agricultural land which will target a net return of 10-15% a year.

0:01 Mon 7 Jul 2008
Dexion Capital seeks £135 million for new global farming fund
Dexion Capital aims to raise $270 million (£135 million)from an innovative global farming fund, which targets a rate of return of between 12 and 16% through the ownership of farm land.

12:03 Thu 26 Jun 2008
Wealth management problems force Midas into profit warning
Midas Capital has issued a profit warning saying that its full year revenue will be 'lower than the previous market expectations'.

14:02 Fri 20 Jun 2008
Bankers Investment Trust dividend up as NAV slides
The Bankers Investment Trust reported a rising dividend but falling NAV following a period of turmoil in markets, with shares in the trust dipping around 3% after midday.

10:03 Fri 20 Jun 2008
Impax and FTSE launch broad, global environmental index
Impax, the specialist environmental investment company, has joined forces with index company FTSE to launch the FTSE Environmental Opportunities All-Share Index.

10:05 Mon 16 Jun 2008
TEMIT shareholders exit at 4% discount after tender offer
Shareholders in Mark Mobius' Templeton Emerging Markets Investment Trust (TEMIT) have agreed a strike price discount for investors eager to exit the trust.

9:03 Thu 12 Jun 2008
Invesco Property Income trust raises borrowing requirements again
The struggling Invesco Property Income trust has agreed a higher borrowing arrangement with its lenders and says it will remain highly geared in what could be the bottom of the commercial property market.

11:01 Mon 9 Jun 2008
SVM's AAA-McLean struggles in downturn
Colin McLean, the Citywire AAA-rated manager behind SVM, has offered a frank assessment of difficulties which have held back his UK Activeinvestment trustover the past year.

12:02 Wed 4 Jun 2008
Collins Stewart poaches investment team from Dresdner Kleinwort
Independent bank and asset manager Collins Stewart has poached Robbie Robertson and hiswell-respected investment company team from Dresdner Kleinwort.

9:05 Wed 4 Jun 2008
Plackett poaches Throgmorton trust for absolute returns
Blackrock's A-rated Richard Placketthas taken the investment mandate for Roger Whiteoak's old investment trust, Throgmorton Trust, with a mandate to turn it into a long-short fund using a process similar to that employed on Blackrock Absolute Alpha.

11:03 Fri 30 May 2008
Ludgate enviro fund invests £4m in food packager
Ludgate Environmental Fund (LEF) has invested £4 million inRapid Action Packaging, a company specialising in environmentally responsible packaging.

0:01 Fri 30 May 2008
Martin Currie hires AXA Fram's Regier-Wilson for retail sales drive
Sales manager John Regier-Wilson has quit AXA Framlington for Martin Currie where he will replace Felicity Coulter.

12:04 Thu 29 May 2008
Standard Life faces legacy book woes, JPM warns
Standard Life will struggle under the weight of its legacy business as UK sales plummet, according to analysts at JP Morgan.

0:04 Thu 29 May 2008
Investment Trust Insider: Opportunities emerge from the split-cap rubble
Fishing for opportunities in the splits sector has been something of a thankless pastime for advisers in the past.

12:00 Wed 28 May 2008
HSBC Infrastructure returns on track after growing dividend
HSBC Infrastructure has continued to grow its dividend towards its target 7p in its second year of operation.