Syncona ploughs £93m into life sciences amid tight biotech financing
Life sciences fund has plenty of cash to pursue its ambition to become a £5bn biotech platform, even if investors are giving its shares the cold shoulder at the moment.
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AEW star Alex Short joins Alvarium-owned LXI
Former manager of top-performing AEW UK Reit joins LXI Reit Advisors as chief investment officer as its long-leased property fund reports good rent rises but sees its shares falter on a corporate connection to embattled Home Reit.
ICG Enterprise brings in fee cap to benefit shareholders
The private equity fund of funds applies a management fee cap as it looks to attract investors and re-rate shares that trail 37% below the value of the trust’s assets.
Augmentum buys first cyber insurance platform, adds to Zopa
The European private equity investment trust buys its first cyber insurance platform Baobab and adds to fast-growing digital bank, Zopa.
Chrysalis falls after buying third of Jupiter’s Starling stake
Shares in Jupiter’s under-pressure growth capital fund drop 6% on deal to buy £20m of unquoted Starling bank from Jupiter UK Mid Cap fund, run by co-manager Richard Watts. Analysts say the transaction increases Chrysalis' risks.
Chrysalis buys a third of Jupiter UK Mid Cap’s Starling stake
The struggling growth capital fund pays £20m for part of the UK Mid Cap fund’s stake in the digital bank, as Jupiter says its open-ended funds will stop holding unlisted firms.
Jupiter sells Starling, bans unlisted stocks from open-ended funds
Fund group sells stake in unlisted digital bank Starling and rules its open-ended funds will no longer invest in private companies. Jupiter's closed-end fund Chrysalis is one of the buyers though.
BH Macro prices its £950m share offer closing this Friday
The Brevan Howard hedge fund has priced its retail and institutional share offer at 431.5p having got investor approval for a 10-for-one split yesterday.
Maxwell buys 20,000 more shares as SDCL Energy Efficiency trades on wide discount
Jonathan Maxwell, CEO of SDCL Energy Efficiency Income, adds to his stake to highlight the double-digit discount on the inflation-linked renewables fund.
‘Cashed-up’ consumers drive rapid China rally, says Fidelity’s Nicholls
‘I was expecting change in China but not this early and not this fast,’ says Fidelity China Special Situations fund manager Dale Nicholls after the investment trust soared 44% in three months.
HICL terminates French broadband acquisition
The social infrastructure fund’s attempt to diversify into fibre broadband fails after ‘certain conditions' are not met in the transaction with DIF Capital Partners.
James Carthew: Choppy outlook for income folk
Many investment companies maintained dividends through the pandemic but growing payouts for income investors after last year's market falls will be a challenge for some.
