Investment trusts Financial News

24.11 / 14:05

Investment trusts People moves Numis Sequoia Economic Infrastructure Income discount narrows as chair departs

After nine years in the position, Jennings will be replaced by James Stewart, who joined the board on 1 January 2022.

24.11 / 14:05

Investment trusts ThomasLloyd Energy Impact ThomasLloyd RUMS solar project end Board of former ThomasLloyd Energy Impact expects delayed reports before year-end

The board unanimously recommened shareholders vote against the wind-up of the trust.

23.11 / 15:38

kpmg Investment trusts AGM Saba Capital Crystal Amber AGM resolutions pass despite strong dissent

KMPG has been Crystal Amber’s auditor since its listing in 2008, which could trigger independence concerns.

23.11 / 08:39

companies Investment trusts Hipgnosis Songs Fund song Investment Trust Hipgnosis Music Limited takes SONG and Mercuriadis to High Court

Merck Mercuriadis (pictured), founder of Hipgnosis Songs fund (SONG), has been served court proceedings but his former company Hipgnosis Music Limited.

22.11 / 15:31

UK financial conduct authority Investment trusts Chancellor Jeremy Hunt Autumn Statement 23 Autumn Statement 23: FCA mulls 'interim solutions' to address investment trust cost disclosure concerns

The FCA is considering “interim solutions” to mitigate the impacts on the investment company sector in the short term, as the government “acts to implement a long-term legislative solution to the issue”.

22.11 / 12:51

Investment trusts AIC VCTs On the night gallery: Investment Company of the Year Awards 2023

Our host for the awards ceremony was financial journalist and presenter Declan Curry, while our charity for the evening was Place2Be.

21.11 / 14:57

Investment trusts Merger Winterflood Numis UK Commercial Property REIT merger with Picton dropped on Phoenix Life dissent

Phoenix Life is the largest shareholder in UKCM, holding roughly 43% of share capital.

20.11 / 11:51

Investment trusts funds People moves GAM Jupiter Artemis Jupiter to absorb GAM UK Equity Income fund as portfolio manager duo join

Jupiter said Gosden and Morrison will also assume the management of the £1.5bn Jupiter Income trust, currently managed by Ben Whitmore.

17.11 / 13:33

UK Investment trusts AIC Investment Trust House of Lords AIC sets out proposals to address investment trust cost disclosure concerns

Richard Stone (pictured), chief executive of the Association of Investment Companies

17.11 / 09:54

Investment trusts AIC VCTs week Investment Week reveals winners of Investment Company of the Year Awards 2023

The awards recognise managers in this important part of the market, who have delivered consistently for investors across a variety of sectors.

15.11 / 15:45

Investment trusts Investment Trust European Opportunities Saba Capital European Opportunities passes continuation vote in face of shareholder opposition

The trust had faced fierce pushback from activist investor Saba Capital, who argued that shareholders should vote against its continuation.

14.11 / 15:33

Investment trusts Investment Trust Returns NB Global Monthly Income returns £23.5m to investors in twelfth month of wind-up

Investors will be paid their redemption money by 27 November 2023.

14.11 / 14:39

Investment trusts Ruffer Investment Company Ruffer duration Ruffer boosts portfolio duration in October after US Treasury rout

Duncan MacInnes (pictured) co-manages the Ruffer Investment Company alongside Jasmine Yeo.

14.11 / 11:39

Investment trusts People moves cio Fund manager of Tufton Oceanic Assets appoints CIO as Paulo Almeida steps down

Tufton is an investment manager focused on the shipping industry, with $1.1bn of assets under management across a number of funds, including Tufton Oceanic Assets, which holds £400m in assets, according to the Association of Investment Companies | Credit: iStock

14.11 / 08:59

UK Investment trusts JP Morgan proposes merger of UK Smaller Companies and Mid Cap trusts

The boards of both trusts have noted the increased scale of the renamed vehicle, which is expected to hold net assets in excess of £430m.

13.11 / 12:23

Investment trusts Nav share buybacks Triple Point Social Housing pauses buybacks until further property sales secured

At the start of September, the trust announced the sale of four specialised supported housing properties for £7.5m to a private UK real estate investment firm.

13.11 / 12:23

Investment trusts Investment Trust burberry Finsbury Growth & Income Finsbury Growth & Income bolsters Experian holding amid higher for longer concerns

Nick Train (pictured), manager of the Finsbury Growth & Income trust.

13.11 / 09:33

financial conduct authority Investment trusts House of Lords Bill to overhaul investment trust cost disclosure rules to be debated in parliament

If the bill’s passage through the House and Lords and House of Commons is successful, investment companies will no longer be classified as AIFs and their costs will be removed from data feeds.

10.11 / 13:47

Morningstar UK Investment trusts Hipgnosis Songs AVI Global sees 'fertile hunting ground' in UK investment trust sector

The trust has continued to increase its stake in UK investment trusts, building new positions in Pantheon International and Princess Private Equity over the last year.

09.11 / 23:19

Ethereum Adoption regulation SEC Investment trusts ethereum etf BlackRock’s spot Ethereum ETF plan is confirmed after Nasdaq filing

Blackrock’s plans for a spot Ethereum exchange-traded fund (ETF) has now been confirmed, per a 19b-4 form filing submitted to the United States Securities and Exhange Commission on Nov. 9.

09.11 / 17:11

Investment trusts performance fee Henderson Opportunities waives performance fee

It will continue to charge a management fee, however, at 0.55% of net assets per annum.

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