Investment trusts

Walter J. Owens Resigns From Care Investment Trust Board

PR News Wire (Free subscription) | 06/10/2008

NEW YORK, Oct. 6 /PRNewswire-FirstCall/ -- Care Investment Trust Inc. (NYSE: ) ("Care"), a real estate investment and finance company investing in healthcare-related real estate and commercial mortgage debt, today announced that it has accepted the resignation of Walter J. Owens from its Board of Directors. Coincident with his resignation as president of CIT Corporate Finance, Mr. Owens stepped down...

Moral Hazard and the Aggregate Wealth Portfolio

Seeking Alpha (Free subscription) | 24/09/2008

Mack Frankfurter submits: The largest financial bailout in United States history, which some traders are starting to call the ‘Securitized Housing Investment Trust’ (hint: think acronym), is causing an existential crisis amongst those who hold to purest free market ideology. Senator Jim Bunning, Republican of Kentucky, echoed this sentiment when he said, “The free market for all intents and purposes...

Securitized Hybrid Investment Trust Bailout Plan

The Big Picture (Free subscription) | 23/09/2008

Which of course, will go by its acronym . . .

S.H.I.T

<B>Patrick Joubert Conlon</B> (Free subscription) | 23/09/2008

From the Corner: Courtesy of Breaking Views : The US government's $700bn bailout plan needs a name — what should it be called? The US Treasury likes 'Troubled Asset Relief Programme', or Tarp. One of our readers suggests 'Secured Housing Investment Trust'. TARP is cute but SHIT's probably more accurate.

Naming Bush's "Bail-Out" plan: Secured Housing Investment Trust

NW Republican (Free subscription) | 23/09/2008

Thanks to NRO. The Treasury Department wants to name this bail out plan TARP ("Troubled Asset Relief Program."). Others think it should be called Secured Housing Investment Trust (you do the...

The Acronym We Need

The Corner (Free subscription) | 22/09/2008

Courtesy of Breaking Views: The US government's $700bn bailout plan needs a name -- what should it be called? The US Treasury likes 'Troubled Asset Relief Programme', or Tarp. One of our readers suggests 'Secured Housing Investment Trust'. ME: The more people look at this thing, the more it looks like #2 (No pun intended. Er, pun intended.).

Creating and managing the new United States Sovereign Home-Owner

nandigramunited (Free subscription) | 21/09/2008

Creating and managing the new United States Sovereign Home-Owner Investment Trust September 21, 2008 Sean Lewis All real estate properties included to the Trust should be submitted at the value of the tax assessment value. The homeowners new rent will be based on the tax assessment value. The original homeowner has two years to purchase back the property at the tax assessment value. If the original...

Shiver me timbers - still guilty!

Courrier Mail (Free subscription) | 19/09/2008

A PAIR of modern day treasure hunters who dreamed of finding millions of dollars in gold bullion have lost their appeals against jail sentences for failing to properly register their company's investment trust fund.

Invesco Perpetual takes over management of Edinburgh Investment Trust

Banking Business Review (Free subscription) | 16/09/2008

The board of The Edinburgh Investment Trust has announced that it is appointing Invesco Asset Management as the manager of the company.

Trust's fund manager resigns

Edinburgh Evening News (Free subscription) | 16/09/2008

AN investment trust based in the Capital said today that its fund manager has resigned.

• Troubled Edinburgh Investment Trust gets star fund manager - The Telegraph
• Edinburgh puts Trust in Woodford - The Herald
• See the 5 articles on the same subject

Fidelity gives up Edinburgh

Financial Time (Free subscription) | 15/09/2008

Fidelity International has taken the unusual step of resigning as manager of the Edinburgh Investment Trust, which is to follow a more actively managed mandate

Salmond brings in top financier to run public investment trust

The Herald (Free subscription) | 11/09/2008

Alex Salmond has turned to one of Scotland’s leading financiers, Sir Angus Grossart, to strike a better deal for the taxpayer in the building of public buildings such as schools and hospitals.

Investment trust acquires Linthicum business park

The Baltimore Business Journal (Free subscription) | 05/09/2008

An investment trust managed by Wells Real Estate Funds has aqcuired the WestQuest Technology Park, a 315,000-square-foot office park near Baltimore/Washington International Thurgood Marshall Airport leased to defense contractor Northrop Grumman Corp (NYSE: NOC). (NOC)

Katherine the Great to reign at Alliance

The Telegraph (Free subscription) | 20/08/2008

Number of women in charge of blue-chip companies reaches five with the appointment of Katherine Garrett-Cox as head of the investment trust giant

Alliance Trust hopes 'Katherine the Great' will lead them out of doldrums

The Independent (Free subscription) | 20/08/2008

Katherine Garrett-Cox, one of the most celebrated women in the asset management industry, has been handed the reins at Alliance Trust, the UK's biggest generalist investment trust.