Max King is a seasoned observer of the investment trust scene, having managed a number of trusts and later multi-manager funds during his career at Investec. More recently, having retired from full-time work in the City, he has turned to writing, as a columnist for Money Week and as a valued contributor to the annual Investment Trusts Handbook. He is also a non-executive director of a number of investment trusts, so has an all-round perspective on the market.
Tell me where you think we are in the market cycle at the moment? I find it very hard to say that the market is cheap, or even particul...
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A new feature of the Money Makers circle from here on will be a regular short question and answer session in which I invite leading analysts and investment trust experts to contribute their answers to a single topical issue. To illustrate how this will work I offer this initial sample of responses to a question about Pershing Square and Third Point, two listed hedge funds run by high profile US hedge fund managers (Bill Ackman and Dan Loeb), which were discussed a couple of weeks ago in the editor's notebook. Both trusts have expressed their concern at the high discounts at which the shares in...
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