Taiwan worries ‘massively overblown’, says Baillie Gifford
The Baillie Gifford fund managers of Pacific Horizon investment trust do not think China will attack Taiwan because the Chinese Communist Party has more pressing concerns at home.
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Barings Emerging switches ADR stakes to Moscow shares
Barings Emerging EMEA Opportunities is converting overseas versions of Russian shares into the underlying Moscow-listed stocks after taking legal advice.
China woes send FTSE into reverse after energy relief rally
The FTSE 100 slid more than 1% this morning as a slowdown in China hit the commodity-heavy index, reversing gains made in yesterday’s energy relief rally.
SDCL Energy Efficiency lifts £135m from investors
SDCL Energy Efficiency Income, the largest of a growing band of investment trusts looking to help companies with exorbitant energy costs, completes its second big share issue in a year.
LXi Reit sells 65-year theme park income to repay debt
LXi, the largest long-lease real estate investment trust following its merger with Secure Income, trims its debt burden with an unusual ‘income strip’ transaction involving the Thorpe Park and Alton Towers attractions.
Don’t bother with costly exit, happy investors tell AVI Japan
Leading shareholders let AVI Japan Opportunity off from having to offer them a way out after activist smaller companies fund impresses with decent four-year performance.
Schiehallion affirms long-term focus after first-half drubbing
Baillie Gifford private equity fund Schiehallion, last year’s best-performing investment company, endures a half-year pummelling but tops up its position in US buy-now-pay-later credit company Affirm whose shares have plunged 75%.
UK small-cap veteran Harry Nimmo bows out after 37 years
Star UK smaller companies fund manager is to step down from his investment trust and funds at Abrdn at the end of the year.
China private equity fund Welkin braves London launch
Welkin China Private Equity looks to raise $300m (£261m) in flotation of first London-listed fund focused on Chinese unquoted stocks. Launch follows tough year for shares in China trusts investing mostly in public companies.
Trian to wind up to UK activist fund after investor revolt
Billionaire activist investor Nelson Peltz is to shutter his UK-listed investment trust following a sustained campaign by unhappy investors to have the strategy wound-up.
Trian to wind up UK activist fund after investor revolt
Billionaire activist investor Nelson Peltz is to shutter his UK-listed investment trust following a sustained campaign by unhappy investors to have the strategy wound-up.
Deepening energy crisis pressures FTSE and pound on big day for UK politics
Europe's intensifying energy crisis puts UK shares and the pound under further pressure as the Conservative Party race to become the next prime minister comes to an end.
