Gervais Williams has been manager of the Diverse Income Trust (ticker: DIVI) since 2011 and also manages a number of small and midcap funds for Premier Miton, the boutique fund management firm. Before that he spent 17 years managing small cap funds for Gartmore. He started working in the City in 1985 and has published three books on the changing nature of the UK equity market, globalisation and the rise of AIM.

Why the interest in this trust? One good reason is that Gervais Williams is an experienced and respected manager of small and midcap funds, so his thoughts on the market and individual...