PRA halves capital requirements for market makers in trusts
Prudential Regulation Authority lowers the amount of capital brokers need to hold to make markets in investment companies, a move that could improve liquidity in the sector.
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Gore Street eyes asset sale to prove its wide discount is wrong
With its shares trailing on a 27% discount after a volatile half year, Gore Street Energy Storage is open to selling one of its assets to demonstrate the soundness of its valuations.
Veteran activist investor Chris Mills joins Hipgnosis Songs’ board
The Harwood Capital founder could play a key role as the royalties fund considers its options after shareholders voted against its continuation.
Peter Ewins to retire from Global Smaller Co’s Trust after 26 years’ service
Columbia Threadneedle’s Nish Patel becomes co-manager and will take on the £1.4bn global smaller companies investment trust in May when Peter Ewins retires.
Peter Ewins to retire from Global Smaller Co’s Trust after 26 years
Fund manager will be replaced by Columbia Threadneedle’s Nish Patel, who will take on the £1.4bn global smaller companies investment trust in May when Ewins retires.
QuotedData’s morning briefing 15 December 2023 – GRID
In QuotedData’s morning briefing for 15 December 2023: Gresham House Energy Storage (GRID) has announced that the National Grid Electricity System Ope...
Gore Street: COP28 ‘a disgrace’ but energy storage well placed
Alex O’Cinneide, fund manager of Gore Street Energy Storage, denounces the pressure petro states brought to bear on the climate change summit but says the global growth in renewable battery systems is unstoppable.
‘Buy’ Augmentum: Keep faith with venture fund rallying on rate hopes
Shares in Augmentum Fintech are back to where they started more than five years ago, but half-year results show that faith in this over-sold growth capital fund may be rewarded.
GCP Infra to sell 15% of portfolio to pay costly debt and return funds
The 10.5%-yielder’s board will sell assets with an ambition of raising £150m to pay down the £104m drawn on the debt facility and returning the rest to shareholders.
Invesco Select scraps umbrella structure to focus on global income
Invesco Select’s four share classes will all be pooled into the Global Equity Income share class, run by Stephen Anness as the board looks to improve liquidity and narrow the discount.
Abrdn Diversified bows to pressure and announces wind-down
Abrdn Diversified Income & Growth's attempt to soldier on with a chronic 31% discount have been rejected by shareholders, leaving the 125-year-old investment trust preparing for a possibly lengthy wind-down.
Another one bites the dust – now ADIG proposes winddown
abrdn Diversified Income and Growth has been talking to its shareholders. In the light of the feedback received during these conversations and the tru...
