Activist hedge fund manager draws a line under the stock market rout retiring recent bets on bond prices made to protect Pershing Square Holding from big falls in its US equity investments.
The student property trust cancels dividends after taking £90m-£120m cashflow hit telling students who have gone home that they do not need to pay rent for the remaining academic year.
Life sciences fund warns trials at its investee companies will be delayed for at least three months as the healthcare sector focuses resources to fighting spread of the coronavirus.
Shareholders’ hopes of an agreed bid for Pollen Street Secured Lending have not entirely faded with Waterfall Asset Management extending its offer deadline for the loan fund by a month.
There is more bad news to come from businesses but the better news, says F&C manager Paul Niven, is markets are discounting a serious economic contraction, which means asset prices should stabilise.
Seneca Investment Managers’ Tom Delic says there is reason to feel ‘bullish’ about the value-driven strategies of their multi-assets funds despite their big falls in the past month.
Fund manager of F&C investment trust vows to ‘keep badgering’ Amazon over promised changes to its labour policies after taking the online shopping giant to task over its treatment of staff.
George Ensor, manager of River & Mercantile UK Micro Cap, says depressed micro-cap valuations and a widening discount make his trust a bargain.
Top-performing Japan trust Baillie Gifford Shin Nippon has taken a beating in the coronavirus crash but annual results last week highlighted value in the depressed shares.
Although its shares have fallen, high-yielding lender to US drugs companies believes the current problems in equity and credit markets will create longer-term opportunities to grow.