Rights and Issues Investment Trust (ticker: RIII) was founded in 1962. It was managed for nearly four decades by Simon Knott before he retired from the role in 2022. Throughout Knott's tenure, the trust's NAV per share rose about 100 times and the annualised share price total return was 15.4%, making it one of the top-performing funds over that period. RIII's board selected Jupiter to run the trust when Knott retired with the team of Dan Nickols and Matt Cable appointed to look after the portfolio. Knott has remained as a non-executive director and he is still a significant shareholder. RIII i...