The decision made by the Edinburgh investment trust board to oust manager Mark Barnett following a period of prolonged underperformance came as "little surprise" and is a "welcome move", according to several investment trust professionals.
However, the board's decision to appoint Majedie Asset Management (MAM's) CIO James de Uphaugh has been called "underwhelming" by some, while others have warned his value investment style bears a close...
Main barriers revealed
'Alarming' performance differential
Follows extended period of underperformance
Investor urges fund group to be more cautious on promoting funds
Winning back consumer confidence
'Substantial lessening' of competition
252 firms pulled out
Go alone for follow the crowd?
Once-in-a-lifetime out, necessities in