Edinburgh IT board reduces notice period

The board of the Edinburgh Investment Trust has cut the notice period it needs to give present managers, Edinburgh Fund Managers, from one year to three months. This follows a year that has seen a change in the portfolio's management team and a prolonged period of underperformance, according to Bloomberg. The trust's share price has fallen 22.09% during calendar year to 17 November against a fall in the FTSE All-Share of 15.46%. Last month the £1.275bn trust changed manager following the resignation of Edinburgh Fund Manager's chief investment officer, Mike Balfour. He has been replace...