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Double counting forces Hipgnosis to further slash portfolio value
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The board laid the blame with investment adviser Hipgnosis Song Management and claimed it had previously raised concerns with the manager during the recent preliminary valuation conducted by Shot Tower Capital. Hipgnosis shares slump 14% after independent review slashes portfolio valuation by over a quarter While the adviser has now agreed with the board over the issue, it has been accused of «almost certainly» overcharging its investment advisory fees, given the operative NAV is a «key valuation metric in defining the market capitalisation of the company». The 7.6% reduction is ba...
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Read more on investmentweek.co.ukAbout this in other media
Unfazed by slow start, AC industry expects double-digit growth, over 11.5 mn unit sales this season economictimes.indiatimes.com /7 months ago
Hipgnosis Songs shares jump 8% after Shot Tower Capital values portfolio at over $1.9bn investmentweek.co.uk /7 months ago
ITR Filing: Double taxation the biggest challenge for NRIs while filing tax return in India financialexpress.com /7 months ago
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