HICL directors buy their infrastructure fund’s cheap shares before AGM
Three non-executive directors at HICL Infrastructure took advantage of the shares’ 20% discount to add to their holdings ahead of yesterday’s annual general meeting.
Buybacks: Seraphim rockets 40%; Strategic Equity sets aside £15m
Seraphim Space’s shares soared after announcing a share buyback last week. It's not the only undervalued trust repurchasing unwanted stock to narrow wide discounts.
Polar Capital Tech’s underweight to AI giants means it trails index
Polar Capital Technology may be 'benchmark aware' but its managers' reluctance to fully weight 'megacap' holdings like Meta, Microsoft and Apple puts it at a disadvantage.
FTSE 250 soars as UK stocks celebrate inflation fall to 7.9%
Inflation cooled by more than expected in June, sparking hopes of an easing in interest rate rises, propelling mid-cap stock, property companies and housebuilders higher.
Scottish Mortgage jumps 3% after profit surge at top stock ASML
Strong results from Dutch micro chip equipment maker follow positive news on some of the Baillie Gifford trust's holdings in unquoted companies, as well as another appointment to its revamped board.
David Stevenson: Three fantastic ‘frontiers’ funds
If global emerging markets aren’t fit for purpose, as I suggested last week, what about single country funds investing in Georgia, Cuba and sub-Saharan Africa?
Investment Co owners leave Chelverton just £6.3m to manage
Update: Chelverton’s smaller company stock pickers are up to the challenge of growing Investment Company’s assets from a low base after holders of 83% of its shares tender their holdings.
Digital 9 shares rally as fund insists 10% dividend is sustainable
Digital 9 Infrastructure extends recent gains, revealing it considered cutting its dividend but is confident disposals, refinancings and strong cash generation from its companies make that unnecessary.
Gore Street at dividend ‘tipping point’ ahead of continuation vote
Fund manager Alex O’Cinneide believes the battery fund will pass its first continuation vote as investors will not want to interrupt its transformative construction programme.
VH Global Sustainable Energy manager quits
Anthony Catachanas, lead fund manager for the Victory Hill investment trust, steps down ‘to pursue other interests’ just two years after launching the renewables fund.
LXi Reit loses ‘invaluable’ finance chief Brooks
Freddie Brooks, the chief financial officer who played a key role in last year's merger witth Secure Income, will leave LXI Reit Advisors in September.
Ruffer: We ‘share’ your pain but it will be worth it when recession bites
Under-pressure Ruffer Investment Company has cut its equities to a 'record low' of 14% as fund managers of the wealth preservation fund continue to position for a slump.
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