Investment trusts Financial News

24.10 / 14:11

Wealth managers Investment trusts People moves Business roles 2024 Odyssean trust appoints new chair for 2024

It is expected Wilding will take over as chair from Jane Tufnell from 31 March 2024, who will step down from the position and as a non-executive director.

24.10 / 11:07

Investment trusts Numis Pershing Square Holdings' Bill Ackman cuts bet against 30-year US Treasuries

The hedge fund manager first disclosed his short position in 30-year Treasuries in August in the expectation of long-term rates increasing.

24.10 / 08:35

Investment trusts continuation vote Hipgnosis Songs Hipgnosis Hipgnosis Songs fails to attract superior offer for music catalogue sale

The $440m sale of the trust’s first portfolio, announced on 14 September, had a 40-day «go-shop» provision, where other potential buyers could put forward alternative offers.

23.10 / 11:17

Investment trusts continuation vote Nav European Opportunities Saba Capital Activist investor Saba Capital opposes European Opportunities conditional tender offer

Saba Capital has said it will vote against continuation unless a full liquidity option at NAV is provided to shareholders.

20.10 / 12:59

Asia Abrdn Investment trusts People moves Investment Trust abrdn Asia Focus manager Hugh Young to retire after 43 years

Hugh Young (pictured) is retiring from the industry after 43 years.

20.10 / 12:59

Investment trusts AGM strategic review Board Of Directors Hipgnosis Songs Andrew Sutch Time 'Time for a clean break': Hipgnosis shareholder calls for removal of three board directors

Metage Capital's CIO said a strategic review does not solve Hipgnosis Song's underlying problems.

20.10 / 07:39

fundraise Investment trusts Investment Trust Wealth Club vct Octopus Titan VCT embarks on £200m fundraise

Nicholas Hyett, investment manager at Wealth Club, said that the “venture capital giant has been through a tough time recently”.

19.10 / 12:47

Investment trusts Blackstone Hipgnosis Songs Fund Hipgnosis Songs Andrew Sutch Hipgnosis Hipgnosis board launches strategic review as continuation vote approaches

The board had asked its current investment adviser to remove the call option entitling it to acquire the trust’s portfolio on termination, but it had declined.

19.10 / 07:41

Investment trusts Acquisition Concord Takeover Round Hill Music shareholders give green light to $469m Concord takeover

The scheme will now need to be sanctioned by the court, which is expected to take place on 30 October 2023.

18.10 / 14:43

UK Pensions Investment trusts funds Unit trusts/OEICs OEIC ETFs Returns Less than 4% of funds deliver consistent top quartile returns over three years

In the latest edition of the study, the total number of funds providing above average returns in each of the last three years also improved.

18.10 / 14:43

ETF Investment trusts Pantheon International Pantheon International completes £150m tender offer

The strike price for the tender offer was 305p per ordinary share, below the maximum tender price of 315p but above the trust’s current share price of 302p.

18.10 / 14:43

UK institutional investors Retail investors Pensions Investment trusts funds ETFs Retail investors face larger volatility in fund fees than institutional peers

Over the last 12 months, 17% of all share classes have changed their OCF.

17.10 / 14:33

Investment trusts VCTs shortlist IW unveils shortlist for Investment Company Rising Star Award

The Rising Star Award is an individual award aimed at highlighting the achievements of newer members of the industry and the skills they can bring to the investment trust/VCT sector.

17.10 / 12:17

Investment trusts Winterflood abrdn Private Equity Opps team to remain 'unchanged' after £100m manager sale

Alan Gauld (pictured), senior investment director at abrdn, is the lead manager of APEO.

16.10 / 12:19

Investment trusts Blackstone Investec Continuation resolution Hipgnosis Songs Asset Value Investors urges Hipgnosis shareholders to vote against continuation

This morning, Hipgnosis Songs fund announced it would withdraw its proposed interim dividend.

16.10 / 08:07

Investment trusts Alternatives Hipgnosis Songs Fund dividend Hipgnosis Royalties Hipgnosis pulls dividend as expected retroactive royalties halve

Hipgnosis Songs fund CEO Merck Mercuriadis (pictured)

16.10 / 08:07

companies Investment trusts People moves Premier Miton Investors Nick Greenwood joins Asset Value Investors to continue managing MIGO Opportunities trust

Nick Greenwood (pictured) will join AVI on 18 December following the appointment of Asset value Investors as investment manager of the MIGO Opportunities trust.

12.10 / 13:27

Apple Tesla bonds Investment trusts Unit trusts/OEICs equities Vanguard Q3 gilts index Gilts claim spot in ii Q3 performance index as investors hunt for yields

Investors were taking advantage of high interest rates by moving their money into the bond market, 'where they are finally being rewarded with attractive yields'.

11.10 / 14:02

Investment trusts TLEI ThomasLloyd RUMS solar project ThomasLloyd Energy Impact proposes investment policy change

The news follows last month’s announcement that TLEI intended to appoint Octopus Energy Generation as the transitional investment manager.

11.10 / 08:51

Investment trusts REIT Regional REIT appoints ARA Europe as investment adviser

ARA Europe is part of the ESR Group, Asia-Pacific's largest real asset manager with approximately $150bn AUM.

10.10 / 17:23

Investment trusts AIC Nippon Active Value Nippon Active Value nears £300m in assets following double merger

This makes NAVF the second largest trust in the AIC Japanese Smaller Companies sector, trailing only Baillie Gifford Shin Nippon, which holds £522m in assets.

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