Holly Black

Richard Penny: Hunting for mispriced UK stocks that will beat Brexit blues

Richard Penny has done his homework. He enters the meeting room on the first floor of Crux Asset Management’s Pall Mall offices clutching the latest issue of Money Observer and keen to talk about a recent feature on whether the size of a fund matters. He thinks smaller funds do better – which bodes well, as in September he launched a new special situations vehicle at the boutique fund firm, which he joined this summer after 15 years at investment giant Legal & General.

Retirees could outlive their pension pots, PPI warns

More than one in four retirees could outlive their pension pot, worrying new research from the Pension Policy Institute reveals.

The independent research organisation says those approaching retirement with high levels of defined contribution (investment-based) savings but little or no defined benefit (salary-based) pension will face tough choices.

Top performing emerging Europe trust to wind up

BlackRock Emerging Europe is to wind up, some 14 years after its launch.

The investment trust, which is managed by frontier markets specialist Sam Vecht, revealed that some 21.8 million shares, representing around 60 per cent of its issued share capital, would be liquidated following an unexpectedly large take-up of its tender offer for shares in May.