Double digit growth for PCT despite underperformance
Polar Capital Technology Trust (PCT) has announced its interim report for the six months to 31 October 2023. NAV total return for the period was 12.1%...
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QuotedData’s morning briefing 12 December 2023 – VEIL, TMI
In QuotedData’s morning briefing 12 December 2023: Vietnam Enterprise Investments (VEIL) released its monthly update for November, highlighting a NAV...
Scottish Mortgage: Lack of IPOs has pushed us over private equity limit
As the Baillie Gifford flagship breaches its 30% limit on private equity holdings, commercial director Stewart Heggie notes the trust went from 14 IPO exits in 2021 to zero the following year.
David Stevenson: Gold splits wealth preservers with dip from high
Wealth preservation funds Capital Gearing, Personal Assets and Ruffer Investment Company follow a similar bearish asset allocation, except when it comes to gold. What does this say?
Hipgnosis asset sale comes in at 14% discount to NAV
Hipgnosis Songs Fund (SONG) has announced the sale of about 20,000 non-core songs for $23.1m, representing approximately 1% of its portfolio. The anno...
Charter rates throw Taylor Maritime a line as assets shrink 20%
Taylor Maritime is hoping for a recovery in its shipping fund next year as charter rates improve on increased demand despite asset values taking a hit.
Insurance platform sale delivers £27m uplift for HgCapital
Global private equity firm Permira is acquiring GGW Group, a European insurance platform, from HgCapital’s manager, which will add 5.9p per share to the trust's end of September asset value.
Hipgnosis sells 20,000 songs at over 14% discount
Hipgnosis has completed the sale of songs purchased as part of the Kobalt Fund One and will use the $22.6m in proceeds to fund the repayment of debt.
QuotedData’s morning briefing 11 December 2023 – SYNC, TMI, SONG, UKW, HGT, LXI
In QuotedData’s morning briefing for 11 December 2023: Syncona (SYNC) has provided an update on the clinical study of its portfolio company, Autolus T...
James Carthew: Tender offer won’t get Saba off European Opps’ back
Events at European Opportunities show how boards of investment trusts targted by activist Saba Capital must think carefully how to balance the needs of all their shareholders.
QuotedData’s weekly news update 8th December
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered...
Sub-scale Barings Emerging warns it may have to fold
Board of £73m investment trust hit by last year’s writedown of Russian assets warns it could become unviable if a performance-related tender offer is triggered in 2025.
