Compass: The AIC's monthly newsletter

This month in Compass, Ian Cowie analyses the impact of Iran on investment trusts, and our most experienced managers share lessons learned during previous crises.

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Jackie Lockie blog: Hit the road, Jack!

A look at what’s next for the AIC’s adviser training.

Flexibility the key in a challenging private equity market

Private equity isn’t what it used to be.

The outlook for Private Equity

Pantheon International Participations take a global approach to investing, selecting high quality managers to build a portfolio diversified by geography, age and style.

My best investment - Urs Wietlisbach, Manager, Princess Private Equity

‘We focus on market-leading global small/mid cap private companies where we see further potential to grow the business’.

The outlook for the UK Growth sector

Opportunities for growth investors in UK small and mid-cap stocks.

Why did we invest?

Spotting a company that can harness a long term structural market shift is a potent force for value creation.

My best investment - Alexander Wright, Manager, Fidelity Special Values

"My investment process is geared towards finding unloved companies with downside protection that have unrecognised growth options."

Blog: Investors in the driving seat…and not before time

Ian Sayers gives his view on the platforms conclusion.

The outlook for the commercial property sector

How does commercial property justify its place in a diversified portfolio?

Mind the Gap: Property managers focus on prime locations

What is the outlook for the property investment company sector?

My best investment - Michael Morris, Picton Property Income Limited

Why property is about buying well and focussing on income generation.

A week in the life of...Mike Adams

Mike Adams, Chief Executive of MedicX describes his busy working week.

Thematic research

Third-party thematic research on investment companies can be found below.

Finding value in the volatility

16 April 2026

Kepler ask where volatility during the Middle East crisis has created opportunities in discounts.

The game of their lives

2 April 2026

Kepler analyse how UK equity-focussed investment trusts have performed relative to open-ended funds with near-identical mandates.

Bakumatsu

19 March 2026

We make the case for investing less in the USA.

Citywire logo

Scottish Mortgage issues shares for first time since 2021

The £15.3bn Baillie Gifford trust hit a premium in early April, having spent billions on share buybacks in the past few years.
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RTW Biotech makes 143% return from record $625m flotation of obesity jab developer Kailera

RTW Biotech Opportunities (RTW) has reaped a 143% return from backing the sector’s biggest ever flotation in the US as the £725m investment company continues to benefit from the newfound optimism in biotechnology. Kailera Therapeutics (KRLA), a Massachusetts-based obesity specialist that RTW’s fund manager helped found two years ago, raised $625m (£463m) on Thursday as […]
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Edinburgh Worldwide rallies shareholders to AGM vote saying there’s “real opportunity” to defeat Saba a third time

Edinburgh Worldwide (EWI) has attempted to gee up its long-term shareholders for a third defence of the investment trust against Saba Capital, saying the board will offer the hostile hedge fund and its supporters another exit opportunity if it survives the vote at the annual general meeting (AGM) on 30 April. Although Saba succeeded in […]
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Impax Environmental Markets considers its future after investors, including Saba, sell 78% of the trust’s shares

Impax Environmental Markets (IEM) is considering its future after 77.8% of shares in the £825m investment trust were put up for sale in last week’s exit tender offer. Analysis by the board indicates that Saba, the hostile hedge fund that was threatening to take over the company, tendered its 21% stake despite apparently not voting […]
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Morning briefing: Throgmorton delists as BlackRock merger approved; Claverhouse takes its place in FTSE 250; Diverse Income tables votes for open-ended rollover; plus NAS, OIG

BlackRock Throgmorton (THRG) shares have been delisted after shareholders in the £524m investment trust approved its merger with sister trust BlackRock Smaller Companies (BRSC). The resolution to reconstruct and liquidate passed with 91.3% of votes in favour on turnout of 31.4%. BRSC will buy £303m of net assets from THRG shareholders who chose to roll […]

Fidelity Special Values

16 April 2026

Value investing in a volatile world.

EJF Investments

16 April 2026

Initiation – Niche opportunity with c 9% yield.

JPMorgan Claverhouse

15 April 2026

JCH extends its dividend growth record to 53 consecutive years.

AVI Global Trust

14 April 2026

Plenty to do.

SDCL Efficiency Income

14 April 2026

Board pivots to a managed wind-down.

Transaction in Own Shares

17/04/2026 - 17:41

GCP Infrastructure Investments

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Transaction in Own Shares

17/04/2026 - 17:33

BlackRock Greater Europe

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Transaction in Own Shares

17/04/2026 - 17:29

Montanaro European Smaller Companies

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Transaction in Own Shares

17/04/2026 - 17:26

Finsbury Growth & Income Trust

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Transaction in Own Shares

17/04/2026 - 17:26

Worldwide Healthcare Trust

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Glossary

What does that word mean? Find your way around investment trust jargon.

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