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Investment company news brought to you by Citywire Financial Publishers Limited.

19 October 2018

AVI Japan Opportunity, the activist investment trust launched by British Empire managers Asset Value Investors, gets off the ground after raising £80 million.

19 October 2018

River & Mercantile UK Micro Cap trust dropped robotics firm and hot stock Blue Prism before its shares shed a third of their value in five weeks.

19 October 2018

Investors hoping to get back money quickly from Ranger Direct Lending were disappointed this week as troubled peer-to-peer investor said value of its holding in Princeton Alternative Income fund may still be overstated.

19 October 2018

A recent run of good news for Woodford Patient Capital Trust continues with Oxford Nanopore, its third biggest holding, receiving a £50 million investment from US biotech giant Amgen.

19 October 2018

(Update) Smithson, star manager Terry Smith’s new £822 million global smaller companies investment trust, starts positively on its first day of trading.

18 October 2018

Tony Roper, former fund manager of HICL Infrastructure, signs up as chairman of SDCL Energy Efficient Income Trust hoping to launch next month.

18 October 2018

Mercantile, a big investment trust focused on medium-sized stocks outside the FTSE 100, removes gearing (borrowing) to protect investors from turbulent markets. On a 12% discount its shares offer a long-term buying opportunity.

18 October 2018

Government-backed real estate investment trust (Reit) ramping up rental income behind its 5p per share dividend as it expands property portfolio.

17 October 2018

Top-performing European smaller company trust TR European Growth is having a tough year. Shares are down 26% but the fund manager will get a £1.3 million performance fee.

17 October 2018

(Update) Terry Smith has raised a record £822.5 million for his new Smithson investment trust, beating the previous peak for an investment company flotation, or initial public offer (IPO), set by Neil Woodford’s Patient Capital trust three years ago.


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