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...
Investment company news brought to you by Citywire Financial Publishers Limited and Quoted Data by Marten & Co.
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.
QD view – your vote will count in Arb fight
Discounts in the investment trust sector are almost double their average[1], with the combination of cost disclosure rules and rising interest rates c...
Abrdn commits to buy over £30m of shares in its shrinking trust range
UK’s third-largest investment company manager will reinvest six months of fees in its 17 closed-end funds, a sign of confidence in a range that has contracted this year.
SpaceX take-off could boost Baillie Gifford trusts and Seraphim
Elon Musk’s SpaceX begins talks on a tender offer that could up the value of the unlisted company by $25bn, a boon to six trusts that back it or invest in the sector.
Schiehallion slide adds to ‘bruising’ half-year for Baillie Gifford’s Monks
Half-year results show that Baillie Gifford global equity trust Monks has been weighed down by a derating in the group’s listed private equity fund Schiehallion.
Fidelity’s Wright: Exodus of retail investors killed the domestic market
Citywire award winner Alex Wright says personal investors have reduced their allocation to UK equities in pursuit of past performance in the tech-heavy US.
Schroders Capital Global Innovation’s Carmot Therapeutics sold to Roche
Schroders Capital Global Innovation (INOV) has announce that its portfolio company Carmot Therapeutics Inc., a clinical-stage biotechnology company de...
Barings Emerging EMEA Opportunities ekes out some NAV growth
Barings Emerging EMEA Opportunities (BEMO) has announced its annual results for the year ended 30 September 2023, during which it provided an NAV tota...
QuotedData’s morning briefing 8 December 2023 – TFG, CRS
In QuotedData’s morning briefing 8 December 2023: Tetragon Financial Group (TFG) has announced the results of its “modified Dutch auction” tender offe...
QuotedData’s morning briefing 8 December 2023 – BEMO, TFG, CRS, FAIR
In QuotedData’s morning briefing 8 December 2023: Barings Emerging EMEA Opportunities (BEMO) says that, earlier this year, Russian retailer Magnit ann...
Defensive Personal Assets orders UK ‘linkers’ and a round of Heineken
Wealth preservation fund Personal Assets has added UK index-linked bonds to the fund for the first time since 2019 and made an exception to its equity scepticism by buying into Heineken.
