Compass: The AIC’s monthly newsletter

This month in Compass, it’s all about elections. Ian Cowie crosses the pond, biotech managers talk US politics and we examine how UK trusts fared under different governments.

Latest articles, press releases and videos

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AIC pays tribute to Helen Pridham with new Media Award

Helen Pridham Rising Star Award to recognise up-and-coming journalists.

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AIC celebrates 100th person to achieve Investment Company Accreditation

Nick Britton presents a certificate to Ahsan Vayani of Quilter Cheviot.

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Size isn’t everything

Smaller investment companies can be just the ticket for private investors, argues David Prosser.

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Selling LTAFs to retail investors could prove to be a mistake

The AIC has responded to today’s publication of the Financial Conduct Authority’s Policy Statement PS23/7.

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Meet the manager: Andrew Bell

Chief Executive Officer, Witan Investment Trust.

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Could AI “serve as a catalyst driving the biotech industry into the future”?

Biotechnology & Healthcare investment companies comment on the “bright” outlook for the sector.

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Bigging up Japan

David Prosser considers whether UK investors could benefit from more exposure to the world’s third largest economy.

Alliance Trust: How will a recession impact equities?

As fears that high interest rates may persist, we examine how a potential recession could affect equities with Ben Whitmore and C.T. Fitzpatrick in the latest ‘big question’ interview.

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AIC responds to HMRC’s consultation on stamp taxes on shares

The AIC has issued the following comment.

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How much more pain is there to come?

Investment company managers on interest rates, inflation and bond markets.

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Putting their money where their mouth is

Directors’ personal stakes in investment companies show their interests are aligned with shareholders, argues David Prosser.

What's the outlook for private equity over the medium to long term?

Helen Steers from Pantheon International, Richard Pindar from Literacy Capital, and Colm Walsh from ICG Enterprise give their views on the outlook for the sector.

Thematic research

Third-party thematic research on investment companies can be found below.

Pretty, pretty, pretty good

17 August 2024

Do investment trusts really protect capital and income against inflation? Lets take a look...

Micro-managing

11 April 2024

What opportunities exist in the smallest part of the UK market?

Seoul searching

28 March 2024

South Korea is looking to to tackle its ‘discount’ versus other Asian countries by introducing governance reforms, very similar to Japan's.

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US Solar’s future hangs in balance with dividend target cut before vote

With a discontinuation vote looming, the small renewables fund slashes its dividend target but softens the blow with a $19m tender offer and the prospect of further capital returns.
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abrdn European Logistics Income’s NAV takes a hit as strategic review continues

abrdn European Logistics Income (ASLI) reported a big hit to its NAV in full year results for the year to 31 December 2023, as the impact of higher interest rates weighed on portfolio values. IFRS NAV decreased by 21.4% to 93.4 cents (31 December 2022: 118.9 cents), while the EPRA net tangible assets metric was […]
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JPMorgan Emerging EMEA Securities gets caught in VTB crossfire

JPMorgan Emerging EMEA Securities (JEMA) has announced that it has been named as a defendant to civil proceedings being brought by VTB in the Russian courts, which were commenced on 17 April 2024. The claim has been brought against certain JPMorgan entities and relates to US$439m held in a correspondent banking account with JPMCB (NY […]
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GCP Infrastructure sells wind farm loan notes at 6.4% premium

GCP Infrastructure (GCP) has sold its interest in loan notes secured against Blackcraig Wind Farm at a 6.4% premium to the valuation of the project as at 31 March 2024. The disposal has generated net cash proceeds of around £31m and these will be used to prepay drawings under GCP’s revolving credit facility. GCP says […]
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QuotedData’s morning briefing 26 April 2024 – NBDD

In QuotedData’s morning briefing 26 April 2024: NB Distressed Debt has published its annual results for the year ended 31 December 2023. As a reminder, each share class is in its harvest period and there is now very little left of the fund. Perhaps reflecting this, there is not the usual depth of information that […]

Impax Environmental Markets

26 April 2024

QuotedData's New Client.

Witan Investment Trust

25 April 2024

Business as usual for WTAN's executive team, while the board reviews investment management arrangement.

Henderson Far East Income

25 April 2024

Repositioning to raise total returns

NB Private Equity Partners

25 April 2024

Results analysis from Kepler Trust Intelligence.

Bluefield Solar Income Fund

25 April 2024

Update from QuotedData

Cohen & Steers Capital Management - Form 8.3 - Tritax Big Box REIT plc

26/04/2024 - 14:10

Tritax Big Box REIT

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Form 8.5 (EPT/NON-RI) Hipgnosis Songs Fund Limited

26/04/2024 - 14:00

Jefferies International Limited.

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Form 8.3 - GCP Asset Backed Income Fund Ltd

26/04/2024 - 13:30

Hawksmoor Investment Management Ltd

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Form 8.5 (EPT/NON-RI) Tritax Big Box REIT Plc

26/04/2024 - 13:10

Jefferies International Limited.

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Form 8.3 - Balanced Commercial Property Trust Ltd

26/04/2024 - 13:10

Brooks Macdonald Asset Management

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Glossary

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