Numis: Trust sector shrank by £6.7bn in 2023
London-listed closed-end funds suffer a 'rare' year of outflows after share issues collapse in a bear market and investment companies return capital and buy back a record £4bn of stock.
Investment company news brought to you by Citywire Financial Publishers Limited and Quoted Data by Marten & Co.
David Stevenson: Cheap China tempts but it isn’t low enough for me
If it’s obvious to me, you and the other billions of people on this planet that China is in deep, deflationary trouble, it’s also obvious to the communist bureaucrats who run the country.
Asian Energy Impact Trust provides results updates
Asian Energy Impact Trust (AEIT) formerly ThomasLloyd Energy Impact Trust has announced both its audited results for the 12 months ended December 31 2...
Capital Gearing gains approval for delayed reserves transfer
The wealth preservation fund is close to resuming share buybacks in full after Northern Ireland’s High Court approves the re-categorisation of £1.1bn of reserves.
Mercuriadis refuses to drop right to buy SONG portfolio
Fund manager Merck Mercuriadis has rejected Hipgnosis Songs’ request to remove call option allowing him to match bids for the company.
Hipgnosis Songs Fund provides strategic review update
As a result of the failed continuation vote of Hipgnosis Songs Fund (SONG), where 83% of shareholder votes were cast against the resolution, the newly...
Downing Renewables & Infrastructure announces acquisition of its first Icelandic asset
Downing Renewables & Infrastructure (DORE) announced that it has acquired its first Icelandic asset, a 1.1MW hydropower plant, located in south-centra...
QuotedData’s morning briefing 23 January 2024 – USA, GPE
In QuotedData’s morning briefing 23 January 2024: Baillie Gifford US Growth Trust (USA) announced an update for the six months to November 30, 2023. T...
Tenant demand flourishes as Warehouse Reit rents climb 22%
Occupational demand for UK warehouses remains strong at the end of 2023 and Warehouse Reit’s leasing activity resulted in higher rents.
James Carthew: Global funds can learn from Alliance Trust’s success
Our columnist says he is increasingly convinced Alliance Trust makes a ‘core’ holding for investors after its prgamatic multi-manager revamp seven years ago.
Star-struck Cowie buys Edinburgh Worldwide shares on 14% discount
Sunday Times columnist Ian Cowie puts 1% of his pension in badly-performing Baillie Gifford trust, drawn by its holding in Elon Musk’s SpaceX and double-digit share price discount.
RTW Biotech promises $30m capital return as it buys Acacia’s Arix stake
Biotech investment firm acquires the 25.5% stake from Acacia and now faces a shareholder vote on the remaining purchase, which has received the backing of two proxy advisers.
