QuotedData’s weekly news update 10th November 2023
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 and Ric...
Investment company news brought to you by Citywire Financial Publishers Limited and Quoted Data by Marten & Co.
Hipgnosis bags more BMG staffers to fill senior roles
The fund manager to Hipgnosis Songs replaces its chief financial officer and appoints a new general counsel with former colleagues of chief operating officer Ben Katovsky from music rights group BMG.
Mark Mobius, 87, steps back from Mobius Capital
Emerging markets pioneer is finally retiring, leaving his Mobius investment trust and Mobius Capital Partners in the hands of partner and co-manager Carlos Hardenberg.
Mobius Capital founder Mark Mobius to retire
The emerging markets pioneer is leaving his Mobius investment trust and Mobius Capital Partners in the hands of partner and co-manager Carlos Hardenberg.
QD view – Japan: more to play for?
The Japanese market has been the surprise success story of the past 12 months. The Topix has hit multi-decade highs, rising 21% since November last ye...
AVI’s Bauernfreund: Activists need to 'roll up their sleeves'
The CEO of activist investor Asset Value Investors said poor performing trusts on high discounts mean activists need to work hard to deliver returns.
Equity valuations still too high for bearish Personal Assets
Personal Assets, which won a competitive multi-asset sector at Citywire’s recent awards, said valuations in equity markets need to be much lower for them to raise their record-low stake.
Middlefield: New Asian deals to shield Canada from US falls
Canada based Dean Orrico said the country would ‘clearly’ be impacted by a US recession but shifting market dynamics will soften the blow.
Peel Hunt throws down the buyback gauntlet to derated trust boards
Analyst Tom Pocock says trusts have spent £3bn on buybacks in 2023, yet wide discounts remain.
UK Reits: Value us on earnings not ‘mythical’ net asset values
Custodian Property Income and Tritax Big Box managers urge investors to follow the US approach of assessing real estate trusts on earnings rather than backward-looking asset values.
Parliament to debate trust cost disclosure after Altmann bill picked
A private members bill from Baroness Ros Altmann to remove investment companies from the EU’s AIFMD legislation will have its first reading on 22 November.
AVI Global comfortably beats benchmark and ups dividend 6%
AVI Global Trust has announced its annual results for the year ended 30 September 2023, during which it has provided NAV and share price total returns...
