Energy supplier Yu Group, whose profits warning and share price collapse hit Gervais Williams’ Miton UK Microcap investment trust, faces inquiry by City watchdog over accuracy of its financial statements.
Caledonia Investments, the global investment trust backed by Cayzer shipping family, revives its financial link to Fleming financial dynasty with purchase of a stake in their family office business.
Fund managers John Dodd and Kartik Kumar still have their work cut out turning around ‘best ideas’ trust after further writedowns in unquoted holdings help knock 9% off net asset value.
Scottish Mortgage and Baillie Gifford US Growth trusts could take stakes in rocket company as fund manager deepens its ties to Tesla founder Elon Musk.
Next year looks fraught with uncertainty. However, investors with genuinely long-term horizons can afford to take a dispassionate look at the opportunities this creates.
2018 has been a challenging one for investors but a generally positive one for new investment company launches. We review all the closed-end funds that made it on to the London Stock Exchange this year.
Discount risk – the danger of investment trust shares trading a long way below their net asset values (NAVs) – is a key talking point among investors after a volatile year.
A small cut in its management fee may not be enough to enthuse investors in Andy Brough and Jean Roche’s investment trust but it does flag optimism for the future.
Funding Circle SME Income shares slide another 5% after direct lending fund slashes forecast returns and warns a hard Brexit will cause loan arrears to spike.
This year’s upsurge in stock market volatility fails to knock star fund manager Nick Train off course with Finsbury Growth & Income reporting a 13% total return though the struggles of software provider Sage are a concern.