Investment company news brought to you by Citywire Financial Publishers Limited and Quoted Data by Marten & Co.
Update: Schroder UK Public Private (SUPP), the former Woodford Patient Capital Trust, is to hold a continuation vote in 2025 giving its fund managers two years to revive shares that have plunged 87% since their 2015 launch.
RTW Venture receives a boost as its largest investment, Prometheus Biosciences, attracts 75% premium bid from Merck. RTW shares, though, stay stuck on a 33% discount.
Fidelity Emerging Markets co-manager Chris Tennant says the trust had to write down its Russia investments to zero last year but they remain in its legal ownership in the hope the situation will change one day.
Chris Tennant, co-manager of Fidelity Emerging Markets, explains how the investment trust shorted Brazilian retail chain Lojas Americanas before it was hit by a $3.9bn fraud this year.
Investors accept property is not on a 2008-style precipice, but they disagree on the rebound indicated by Blackstone’s swoop on Industrials Reit, and the outlook for offices.
Blackstone and Industrials Reit agree terms, with nearly a third of shareholders in the business park investor backing the recommended £511m cash offer ahead of a vote.
Manager of Citywire award-winning Ashoka India Equity hopes his outperformance there will convince investors to back the new Ashoka WhiteOak Emerging Markets Trust.
Investment company director Marlene Wood is resigning from Atrato Onsite Energy to concentrate on Home Reit, where boardroom decisions are mounting.
Chris Tennant of Fidelity Emerging Markets spells out the powerful demographic and social forces driving growth in the developing world.
In the 16 months since the last investment trust flotation around 140 exchange-traded funds have listed in London. Now index-trackers are targeting alternative assets, where trusts have been strong.
Rathbones-Investec merger announced last week creates headache for enlarged wealth manager which will own over a third of Brevan Howard's £1.3bn hedge fund and will be prevented buying more shares to avoid triggering a bid.
Piers Currie, the former head of marketing at Aberdeen Standard Investments, has died.
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