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Great British trusts in ‘jeopardy’ from misapplied EU rules

Over one hundred investment company managers and directors demand chancellor remove their sector from EU legislation they say is causing a damaging flight of capital.

British trusts in ‘jeopardy’ from misapplied EU rules

More than 100 investment company managers and directors demand that the chancellor remove their sector from EU legislation due to a damaging flight of capital.

SONG’s woes compound thanks to double counting by adviser

The board of Hipgnosis Songs Fund (SONG) has reported an error made due to the double counting of accrued revenue in the calculation of operative NAV ...

Ruffer CIO buys £5.3m shares in struggling flagship fund

Ruffer chief investment officer Henry Maxey becomes 0.5% shareholder in Ruffer Investment Company to show conviction in multi-asset fund after its disappointing performance last year.

Witan falls just shy of its benchmark, thanks to its renewable investing

Witan Investment Trust (WTAN) has released its annual results for the 12 months ending 31 December 2023. WTAN reported a NAV total return of 12.7% and...

British Land sells stake in 1 Triton Square for £192.5m

British Land has sold a 50% stake in its 1 Triton Square, in London’s Regent’s Place, to Royal London Asset Management Property for £192.5m. This is t...

Hipgnosis Songs: Board and manager clash after ‘double counting’ income deals another blow

Hipgnosis Songs Fund takes another 7.5% hit to net asset value two weeks after a 33% writedown. Board and fund manager Hipgnosis Song Management now in open conflict.

Urban Logistics REIT details new proposal for abrdn Property Income

Urban Logistics REIT has outlined details of an alternative proposal for abrdn Property Income Trust (API), that it says provides a better deal for AP...

QuotedData’s morning briefing 18 March 2024 – JPEL, WTAN

In QuotedData’s morning briefing 18 March 2024: JPEL Private Equity (JPEL) has released its 31 December NAV, along with its semi annual report. Its NA...

Witan puts its £1.6bn global mandate in play as Bell plans to retire

Update: Global multi-manager trust invites fund managers to bid for its mandate as it reviews its self-managed status after chief executive Andrew Bell announces his wish to retire.

Int’l Biotechnology: Why we turn over all our stocks once a year

International Biotechnology Trust fund manager Ailsa Craig explains why there is a high level of stock turnover in the portfolio.

Ailsa Craig: Big pharma has a problem and that’s driving biotech M&A

Co-manager of International Biotechnology Trust shows how the expiry of patents is forcing big pharmaceutical companies to buy drug developers.