Investment trusts Financial News

10.10 / 15:21

Oil Investment trusts Finsbury Growth & Income Big oil bumps Finsbury Growth & Income NAV down 2% in September

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

06.10 / 13:13

Investment trusts People moves St James’s Place Templeton Emerging Markets appoints chair as Paul Manduca steps down

Angus Macpherson (pictured) will take over as chair on 1 January 2024.

06.10 / 13:13

Lawsuit Investment trusts continuation vote Hipgnosis Songs Andrew Sutch Hipgnosis Hipgnosis Songs suspends senior executive sued for alleged sexual assault

MacPherson, CEO of Hipgnosis Songs Group, SONG’s publishing arm, was sued on Wednesday (4 October) in a Los Angeles court by Sara Lewis.

04.10 / 11:15

RIC Investment trusts Numis Ruffer Investment Company share buybacks Ruffer Buyback Ruffer sets out rationale for first ever buyback following 'disappointing' performance

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

04.10 / 10:25

Liquidity Investment trusts Merger Henderson Diversified Income agrees merger with Henderson High Income

The enlarged HHI, which currently holds £262m in assets, will continue to be managed by Janus Henderson under the same investment objective and policy.

04.10 / 10:25

Investment trusts schroders Gravis Backed Schroders approached GCP Asset Backed Income in bid to win investment mandate from Gravis

The proposal included shifting the trust’s investment strategy to focus on real estate debt, with the firm’s $88bn private assets arm, Schroders Capital, running the mandate | Credit: iStock

03.10 / 09:23

BlackRock UK Investment trusts People moves liontrust James de Uphaugh to retire after 36-year career

Manager of the Edinburgh investment trust James de Uphaugh, who is set to retire in February 2024

03.10 / 09:23

Investment trusts Alternatives schroders private equity valuations committee Schroder British Opportunities creates valuations committee

SBO said the decision to form the committee 'recognises the importance of the board's oversight role on valuations and the need for shareholders to have confidence in the outcomes'.

02.10 / 14:21

Investment trusts Alternatives regulatory approval regulatory Bill Ackman's SPARC vehicle receives regulatory approval

Ackman’s firm, Pershing Square Capital Management, said the SPARC will target companies seeking to raise at least $1.5bn.

02.10 / 14:21

Investment trusts Artemis Lazard International Mid Wynd International completes switch to Lazard Asset Management

Louis Florentin-Lee (left) and Barnaby Wilson (right) will manage the portfolio by focusing on buying companies that 'generate sustainably high returns on capital and can reinvest at similarly high returns to drive future growth'.

02.10 / 14:21

Discover Investment trusts performer 2020 Department Discounts DFMs eye investment trust opportunities amid wide discounts

'History suggests that discounts at these levels do not persist forever, and that periods of negative sentiment towards investment trusts can prove to be a good time to invest for the long term.'

02.10 / 08:12

Investment trusts AEW Home REIT AEW re-tenants 10% of Home REIT portfolio as rent collection falls to 3%

Home REIT no longer has any exposure to Redemption Project CIC, one of its non-performing tenants that had not paid any rent for 2023, after it surrendered all of its leases.

29.09 / 12:19

Investment trusts Buyback buyback programme Syncona launches £40m share buyback programme

According to data from the Association of Investment Companies, the trust, which invests in a portfolio of life science companies and holds £1.2bn in assets, is currently trading at a 40% discount.

29.09 / 12:19

Investment trusts Investec Verne Global Digital 9 Infrastructure Investec upgrades Digital 9 Infrastructure to tactical 'Buy' rating after sell-off

Investec analysts Alan Brierley and Ben Newell said the sell-off exceeded even their 'worst fears'.

29.09 / 08:27

property Auction Investment trusts Alternatives AEW social housing Home REIT Home REIT offloads 137 properties at average 68% loss

Of the total 137 properties sold, 100 were subject to leases with tenant in liquidation, which will be surrendered prior to completion.

29.09 / 08:27

property MSCI Investment trusts AIC Nav share price abrdn Property Income trust share price drops 24% over six months despite NAV growth

'The level of discount is of great concern to the board, and we continue to explore ways that will reduce it in the long term.'

29.09 / 08:27

Investment trusts Numis Verne Global Digital 9 Infrastructure Digital 9 Infrastructure shares plummet by 40% as turnaround hopes slump

Peel Hunt, DGI9’s corporate broker, downgraded its rating from ‘outperform’ to ‘under review’.

28.09 / 14:59

Investment trusts People moves Investment Trust Hipgnosis Songs Andrew Sutch Hipgnosis Hipgnosis Songs chair Andrew Sutch to step down as managers given ultimatum

Fellow board member Andrew Wilkinson and chair of the firm’s audit and risk management committee is also retiring at the end of this year.

28.09 / 11:31

Europe BlackRock Investment trusts People moves BlackRock adds Alexandra Dangoor to Greater Europe trust management

Dangoor has worked in the BlackRock fundamental European equity team as an analyst since 2019.

28.09 / 08:29

Investment trusts Digital 9 Infrastructure Digital 9 Infrastructure withdraws 2023 dividend target as balance sheet pressures mount

DGI9 has been grappling with funding problems in recent months, with growing concern among shareholders over the trust’s overstretched balance sheet.

28.09 / 08:29

ESG Investment trusts ThomasLloyd Energy Impact ESG funds ThomasLloyd ThomasLloyd Group RUMS solar project ThomasLloyd Energy Impact selects Octopus Energy Generation as transitional manager

For its services, the manager will be paid a fixed fee of $1.35m, with an additional discretionary performance fee of up to $550,000.

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