David Stevenson: I’m optimistic a broad rally will lift trusts in 2024
There is no reason to be pessimistic after 2023. Investment companies are poised for a comeback this year.
Investment company news brought to you by Citywire Financial Publishers Limited and Quoted Data by Marten & Co.
James Carthew: Deals flurry shows trust recovery has just begun
Merger talks and proposals to liberate capital for share buybacks and investments are clear signs investment companies are pulling away from last year’s bear market.
Octopus target Aquila European considers further share buybacks
Aquila European Renewables refinances Spanish solar assets to free up a €70m (£60m) credit that could be used for buybacks if it rejects a merger approach from rival Octopus.
Bullish European Assets lifts gearing and dividend in end-of-year rally
Sam Cosh, manager of high-yielding European smaller companies trust, deploys £22m of borrowed money to take advantage of a rebound in markets after a difficult October.
Digital 9 continues board overhaul as non-exec steps down
Keith Mansfield's departure means interim chair Charlotte Valeur is the only member of the original board, established at the company's IPO, still working on the trust.
QuotedData’s morning briefing for 8 January 2024 – AERI, CORD, SMIF, ICG
In QuotedData’s morning briefing for 8 January 2024: Aquila European Renewables (AERI) has announced that it has entered into a €50m five-year debt fa...
QD view – Our analysts’ top picks for 2024
As we begin another year, here at QuotedData, we thought we’d have some fun and challenge our analysts to come up with some ideas for investment compa...
Maggie Fanari becomes CEO of J Rothschild Capital Management
RIT Capital Partners (RCP) has announced that, after an extensive international search, Maggie Fanari will take up the role of CEO of its investment m...
RIT Capital Partners hires its first female boss as Goedhuis steps back
Underperforming Rothschild-backed investment trust appoints Maggie Fanari of Ontario Teachers' Pension Plan to head its fund manager after chief executive Francesco Goedhuis asked to step down.
This opportunistic biotech fund is worth a punt at a 25% discount
RTW Biotech Opportunities stands to benefit from the cut-price takeover of another portfolio.
Mark Mobius offloads £3.2m of shares after retirement statement
The 87-year-old fund manager has been selling shares in the Mobius emerging market trust since announcing his retirement in November.
Phoenix Spree takes £5m hit as it backs out of Berlin development
Berlin property investor Phoenix Spree Deutschland is left with a £4.7m compensation bill after pulling out of a deal to buy 34 homes to avoid increasing its debt.
