Home Reit to offload final four properties next month
Sales at the troubled Reit are drawing to a close but it still faces the 'frustrating' prospect of a legal battle.
Monks “storms” ahead of FTSE World as Schiehallion and buybacks help deliver 36% shareholder return
Monks (MNKS), the less aggressive sister fund to Baillie Gifford’s Scottish Mortgage Trust (SMT), technically underperformed in the year to 30 April b...
Activist PrimeStone requests “outright sale” of Gresham House Energy Storage to unlock 140p per share of value
Shares in Gresham House Energy Storage (GRID) spiked at the close of trading yesterday after PrimeStone Capital, a UK activist investor claiming to ho...
Home REIT complains that high legal costs from potential shareholder class action are a “great frustration”
Home REIT (HOME), the former homeless accommodation provider looking to liquidate more than three years after being engulfed in a valuation scandal, h...
HarbourVest fund sells £53m of private equity stakes two weeks before continuation vote
HarbourVest Global Private Equity (HVPE) has generated another $70.7m (£53.4m) for its planned $400m tender offer from the sale of mostly direct co-in...
Morning briefing: TRIG passes continuation vote; Valhalla lifts HgCapital stake to 11%; Brevan Howard launches new fund
The Renewables Infrastructure Group (TRIG) comfortably passed its first continuation vote yesterday with 99.3% support from the around 70% of votes vo...
Chrysalis valuation error wipes £16m from portfolio
A misvaluation of Wefox has forced growth capital fund Chrysalis to take a hit on its portfolio value.
PrimeStone calls for 'outright sale' of Gresham House Energy Storage
The trust's fourth largest investor says a full sale is the only solution to its persistent discount, with half measure likely to 'deliver little value and risk destroying some'.
Trusts sector welcomes FCA consultation on listing rules
The UK’s investment company sector has welcomed proposals by the Financial Conduct Authority to tighten listing rules governing closed-ended investmen...
Smashing three-year returns earn managers of “no charge” Ashoka WhiteOak Emerging Markets their first £1.2m fee
The fund managers of Ashoka WhiteOak Emerging Markets (AWEM) are to get their first payment since the £78m investment trust launched three years ago. ...
Chrysalis uncovers £16m wefox error, hampering bid to restore confidence in its valuation as fund winds down
Chrysalis (CHRY), the £367m growth capital fund embarked on a three-year wind-down, has had to knock £16.1m off its valuation after the audit of its h...
Morning briefing: GCP Infrastructure to repay more debt after £40m solar refinancing; Bluefield Solar publishes scheme document for its sale to Drax
GCP Infrastructure (GCP) has converted a solar equity investment into £40m of senior debt in line with its 31 March valuation. The proceeds will combi...
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