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08:30 Mon 08 Feb 2010
Charles Cade: Where to find the re-rating opportunities in listed property
Last year was a volatile period for both direct property and listed property fund valuations in the UK. In Q1 2009, a combination of declining capital values, rental income and high gearing resulted in falling dividends and wide discounts to net asset values (NAV) among property investment companies (PICs). However, Q2 saw a dramatic turnaround in sentiment towards the asset class. With interest rates at historic lows, investors were attracted by the high yields and cyclically low valuations.
10:11 Thu 04 Feb 2010
Ignis' UK Commercial Property trust raises £150m in share placing
UK Commercial Property trust, a Guernsey registered property investment company managed by Ignis Asset Management, is close to completing a £150 million equity raising at a premium to NAV, reflecting increased investor appetite for UK commercial property.
09:28 Tue 02 Feb 2010
Investment Line: Did the BoE deliberately hurt the middle classes?
Few wealth managers will look back on the past decade as a period when wealthier clients enjoyed the support of a benevolent government.
09:48 Mon 01 Feb 2010
Hg Capital bets big on Europe's renewable energy market
Private equity specialists HG Capital Partners has ramped up its interest in the renewable sector with a 300 (£261 million) investment in three European wind and solar power projects.
01:45 Mon 01 Feb 2010
Amati Global Partners acquires Noble Fund Managers
Noble AIM VCT manager Paul Jourdan and Douglas Lawson have acquired Noble Fund Managers through their newly formed company Amati Global Partners.
01:08 Mon 01 Feb 2010
Trust arbitrageurs are back but where will they pounce?
The last two years may have seen many investment trusts swinging to massive discounts and back again, but oddly the arbitrageurs, or value investors to their friends, have not pounced.
11:49 Fri 29 Jan 2010
Investment trusts planning early divis to avoid tax hike
Investment trusts with a focus on income payments are likely to be among those bringing forward dividends to help investors avoid the new 50% tax band which comes into force in April.
01:50 Fri 29 Jan 2010
Avatar nets Ingenious Media millions
Ingenious Media is laughing all the way to the bank following the remarkable success of Hollywood blockbuster Avatar.
11:59 Wed 27 Jan 2010
Time to buy unloved investment trust stars Aberforth?
History teaches us the time to buy genuine star managers is often when they are at their most unloved.
03:45 Tue 26 Jan 2010
Fidelity to make Bolton's China fund closed ended
The investment trust industry has welcomed the news that Fidelity appears to have registered Anthony Bolton's soon to be launched China fund as a closed ended vehicle.
11:01 Mon 25 Jan 2010
Investment Line: Why 2010 could be a vintage year for private equity
A close look at the historical performance of listed private equity funds since 1993 suggests the scene is set for the asset class to stage a sharp turnaround in 2010.
08:30 Mon 25 Jan 2010
James Burns: Why Biotech Growth Trust is the pick of the sector
Although we are currently enjoying a strong rally in the equity markets, 2010 is likely to prove to be a far tougher year in which to make reasonable investment returns.
08:00 Wed 20 Jan 2010
Investment Line: Is it too late to ride the commercial property recovery?
Commercial real estate is showing signs of emerging from a two year slump, but are the uplifts in the Net Asset Values (NAV) a buy signal for the closed-ended property sector?
01:45 Wed 20 Jan 2010
Rothschilds reveals its top hedge fund picks and currency plays
RIT Capital Partners, Lord Jacob Rothschild's (pictured) listed investment vehicle, has increased its dollar exposure and moved back into hedge funds.
01:07 Mon 18 Jan 2010
Dexion Absolute confirms £97 million reverse tender
Listed Hedge fund Dexion Absolute (DAB) has confirmed details of a reverse auction tender offer for 10% of its net assets; an action that the action triggers continuation votes for all three of its share classes.
04:47 Fri 15 Jan 2010
HgCapital finalises £80 million stake in Goldshield MBO
Private equity trust HgCapital has completed its participation in the £179 million management buyout of UK pharmaceutical company Goldshield.
10:29 Tue 12 Jan 2010
Montanaro UK small cap manager joins AXA Framlington
AXA Investment Managers has hired Montanaro UK Smaller Companies investment trust manager Dan Harlow.
09:07 Mon 11 Jan 2010
Caledonia chief tipped to be next Collins Stewart chairman
Caledonia Investments chief executive Tim Ingram has been appointed non-executive director at Collins Stewart and has been tipped to eventually replace Terry Smith (above) as chairman of the stockbroking firm.
02:27 Mon 11 Jan 2010
Invista Real Estate admits to offer talks
Invista Real Estate Investment Management Holdings (INRE) has revealed that it is in discussions with a third party about a potential offer for the company.
12:01 Fri 08 Jan 2010
Graham Campbell to depart Edinburgh Partners
Edinburgh Partners co-founder and head of UK equities Graham Campbell is to depart the company after a sustained period of underperformance on his funds.
04:43 Thu 07 Jan 2010
Witan hires Rensburg's Andrew Bell as chief executive
Witan investment trust has hired Andrew Bell (pictured) as its new chief executive.
11:43 Tue 05 Jan 2010
AIC lobbies banks to resume lending to investment companies
The Association of Investment Companies (AIC) is holding talks with a wide range of banks in a bid to convince them to resume lending to investment companies.
12:00 Wed 23 Dec 2009
Scottish Investment Trust left wrongfooted by cyclical rally
The Scottish Investment Trust has been left playing catch up after its defensively positioned portfolio saw it lag behind the benchmark in the year to end of 31 October.
10:34 Wed 23 Dec 2009
Investment Line: Time to buy Perpetual Income & Growth trust
The investment trust sector teaches us that there are some lessons investors never learn.
01:50 Wed 23 Dec 2009
Norwegian Sovereign Wealth fund dumps investment trusts
Some of the UK's best known investment trusts have been forced to by buy-back shares after a giant sovereign wealth fund sold out of the sector.
08:00 Fri 18 Dec 2009
Investment Trust: Impax Environmental Markets promises potential
Trends apparent in the developing world concerning demographics, urbanisation, infrastructure development and the increasing availability of credit imply that the size of emerging market economies will inevitably increase as a share of the world economy in future decades.
12:17 Wed 16 Dec 2009
Investment Trust: Brevan Howard keeps tight focus on risk management
The quoted Brevan Howard (BH) Macro Fund, launched in March 2007, is a feeder fund into the Cayman-registered Brevan Howard Master Fund Limited. There are two advantages of having the listed vehicle from the investor perspective: it allows daily liquidity and it allows UK investors to receive the returns in the form of capital rather than income (the Cayman Master Fund returns would be taxed as income on realisation for a UK tax payer). From Brevan Howard's point of view, it is an efficient way to allow smaller investment sums to gain access to their strategy and provides a permanent capital base.
09:05 Fri 11 Dec 2009
F&C Eurotrust moves to Edinburgh Partners
The management of Foreign & Colonial Eurotrust is to pass from F&C Asset Management to Edinburgh Partners from February of next year.
09:22 Tue 08 Dec 2009
Foreign & Colonial's Tigue looks to US for 2010 rally
The balance of power could shift back to the West next year as a strengthening dollar inspires a US rally and puts the China growth story under pressure.
11:28 Thu 03 Dec 2009
BlueCrest seeks to raise £50 million with AllBlue placing
BlueCrest is hoping to broaden the investor base of its AllBlue hedge fund and respond to demand from high net worth investors with a planned share placing.
10:35 Mon 30 Nov 2009
HSBC Infrastructure makes a further acquisition and talks up the market
HSBC Infrastructure Company Limited (Hicl) will seek to raise the full £80 million it proposed through a 'C' share issue after taking a 50% stake in Romford Hospital PFI project.
10:13 Fri 27 Nov 2009
Rundle to run Majedie Investment trust
Nick Rundle, former manager of the Taylor Young Equity Income fund, has joined Majedie Investments.
10:23 Wed 25 Nov 2009
Hansteen circles Kenmore property trust
European property developer Hansteen has made a preliminary offer to acquire Kenmore European Industrial Property fund (KEIP).
02:01 Wed 25 Nov 2009
The funds the Rothschilds are buying
RIT Capital Partners investment trust has established itself as the darling of the global growth sector over the past decade, proving that the Rothschilds know a thing or two about picking an investment manager.
12:01 Mon 23 Nov 2009
James Burns: BH Global proves benefit of holding your nerve
What a difference a year can make. Although there is still a large amount of uncertainty as to the degree and sustainability of recovery in the Western economies, we seem to have avoided the 'end of the world' scenario that many were predicting 12 months ago.
12:01 Thu 19 Nov 2009
David Kempton: My top investment trust picks
I sold a business some years ago and for the first time in my life I had a meaningful sum of money to invest. I did what most people do under such circumstances and gave my money to a well known London fund manager (now defunct) to look after, whilst retaining a little myself to fiddle around with.
10:53 Thu 19 Nov 2009
Witan continues slow trudge towards outperformance
Witan Investment Trust today reports its results for the first six months of this year revealing a trust trudging along slightly above benchmark performance, but still struggling to breakthrough.
04:04 Thu 19 Nov 2009
Aberdeen wins battle for Bramdean Alternatives
Aberdeen Asset Management has been appointed manager of the Bramdean Alternatives fund, winning the mandate from Bramdean Asset Management founder Nicola Horlick.
11:55 Mon 16 Nov 2009
Europe offers key concessions on new investment trust rules
European legislation which posed a fundamental threat to the structure of the investment trust sector could be significantly watered down.
02:22 Mon 16 Nov 2009
Invesco Perpetual draws inspiration from the 60s for split cap launch
Invesco Perpetual plans to launch a split cap investment trust based on an equal split of income and capital shares, with no zero dividend shares or leverage.
11:17 Fri 13 Nov 2009
Gibbs takes major stake in new split trust
Britain's most successful fund manager of the past decade Jupiter's Philip Gibbs has put his money where his mouth is, investing some £11.9 million of his own money in the new split capital trust.
11:22 Wed 11 Nov 2009
Just two property trusts can deliver on promised yield
After two years of busted covenants and falling asset values property investment trusts are well and truly back in vogue.
01:09 Wed 11 Nov 2009
The real risk of a coming correction in Asia
Midas Capital Partners' Nick Greenwood has warned of a potential market setback in the Far East, which he believes could happen over the next few weeks or months.
12:22 Tue 10 Nov 2009
New private equity ZDPs offer 8% pa, should you buy?
Some serious investors are calling the private equity market at the moment, not least among them Mary Ann-Daly the head of private clients at Cazenove.
09:21 Mon 09 Nov 2009
Charles Stanley's man on why to back Artemis Alpha trust
A few years ago, as a former employer, I upset a fund manager with what he regarded as a disrespectful line of questioning.
08:30 Mon 09 Nov 2009
Stephen Peters: Access Artemis Alpha for discount Dodd
A few years ago, at a former employer, I upset a fund manager with what he regarded as a disrespectful line of questioning. He argued that whether a fund manager knew, for example, at what price he bought or sold a stock for or what the fund's tracking error was to three decimal places was no meaningful guide as to whether he was any good. Investors should instead find managers they trust in sectors they like, who have demonstrated a good long-term demonstrable track record in different market environments, and then stick with them. With hindsight, I believe he was right.