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Today
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Saba’s latest attack on CQS Natural Resources is without merit

CQS Natural Resources Growth and Income (CYN) has confirmed that it has received a second notice from Saba Capital Management demanding another general meeting of shareholders. Once again, shareholders will incur the cost of defending against this attack by Saba (which CYN’s board says is without merit) that was launched without any prior engagement from […]

Today

Duncan MacInnes leaves Ruffer

Ruffer Investment Company (RICA) says that Duncan MacInnes, co-manager of the fund, has left its manager with immediate effect and so, as of today, Alexander Chartres – a partner at Ruffer LLP – and Ian Rees will join the current portfolio manager Jasmine Yeo as managers of RICA’s portfolio. Jasmine has been co-manager of RICA […]

Today

Graham Spence to replace Jonathan Simon on JPMorgan American

Following its announcement on 20 March 2024 that Jonathan Simon, one of its large cap portfolio managers responsible for value stocks, would retire in early 2025, JPMorgan American (JAM) says that it has now been advised that Mr Simon’s retirement will be effective 3rd March 2025. Following Jonathan’s retirement, Graham Spence will join Jack Caffery […]

Today

QuotedData’s morning briefing 12 January 2025 – DGN, TENT

In QuotedData’s morning briefing 12 January 2025 Asia Dragon (DGN) has announced the results of the elections for its combination with Invesco Asia Trust (IAT): 30.92% of shares opted for the rollover option while 69.08% of shares opted for the cash option, which was limited to 25% of the shares in issue (less shares held […]

11 Feb 2025

HgCapital Trust cashes in on partial exit of Trackunit

Funds managed by Goldman Sachs Alternatives have bought a majority stake in Trackunit from funds advised by Hg and GRO Capital. Trackunit’s solutions connect construction equipment to the cloud, serving equipment manufacturers, rental companies, contractors and ecosystem tech partners, and integrating the off-highway vehicle, connected site, and mobile workforce. Trackunit serves a global diversified customer […]

11 Feb 2025

Brown Advisory US Smaller cuts fee and introduces conditional tender offer

Brown Advisory has agreed to a reduced tiered management fee replacing the current fee arrangements on Brown Advisory US Smaller Companies. This is effective from and backdated to 1 January 2025. The management fee will be calculated based on the lower of capitalisation and NAV, rather than NAV as is currently the case; and the […]

11 Feb 2025

QuotedData’s morning briefing 11 February 2025 – CMPG, CMPI, TRIG, PPET, PINT, PRSR, WHR, SOHO

In QuotedData’s morning briefing 11 February 2025: CT Managed Portfolio Trust (CMPG / CMPI) has a new two-year unsecured revolving credit facility with The Royal Bank of Scotland International Limited (London Branch) for £10m. This replaces a £5m unsecured term loan which had a fixed interest rate of 2.78% and a £5m unsecured revolving credit […]

10 Feb 2025

Saba’s back again, now it wants to open-end four trusts

Here we go again – Saba published a press release this afternoon. [Despite its embarrassing failure to seize control of a number of trusts, Saba doesn’t seem to have got the message that shareholders in these trusts quite like what they have and are not looking for change. In the press release below, Saba claims […]