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30 Oct 2026

Developers, deals and a 6% yield – inside GPM’s relaunch

Golden Prospect Precious Metals (GPM) has been through quite a transformation over the past few months. What began with the unexpected resignation of the former portfolio managers has developed into an effective relaunch of the investment company, with a new management team, a more attractive fee structure, a substantially enhanced dividend policy and a move […]

30 Oct 2026

Neuberger Private Equity ramps up disposals to fund more buybacks and swaps Action holding for 3i Group shares

Neuberger Private Equity Partners (NBPE), the £562m co-investor in unquoted companies, has announced $146.5m (£109m) of disposals just over two weeks after activist Saba Capital disclosed a 5% stake in its heavily discounted shares. Three full and two partial sales of investments in September and October generated proceeds of $81m, 7% below their valuation at […]

30 Oct 2026

Fine Wind, Clear Morning: Japan’s Corporate Governance Reform Enters a New Phase

In March 2025, we wrote about Japan’s corporate governance transformation through the lens of Katsushika Hokusai’s The Great Wave off Kanagawa. The metaphor felt appropriate. A powerful wave of change was breaking over Japan’s corporate landscape, driven by regulatory reform, pressure from investors and a growing recognition among companies themselves that capital could no longer […]

30 Oct 2026

Morning briefing: Golden Prospect says its shares have fallen below the annual subscription price; AUSC and JUGI publish merger circulars; Ripple fall knocks Tetragon

Golden Prospect Precious Metals (GPM), the £76m mining fund where Baker Steel fund managers Mark Burridge and Trevor Steel took charge this month, has reminded shareholders of their annual right to subscribe for one new share for every five they own at 30 November. This year the price of the new shares is 101.35p. The […]

29 Oct 2026

Covered-call ETFs: why high payouts do not always mean high returns

Four Global X covered-call exchange-traded funds (ETFs) go ex-dividend today (29 October 2026). The funds show why strategies with large cash distributions are becoming more popular, and why investors need to tell income apart from total return. The latest monthly distributions, announced on 22 October and payable on 6 November, are: ETF Ticker Distribution per […]

29 Oct 2026

City Natural Resources “delighted” with 87% annual return and says there’s a “supportive backdrop” for more gains

City Natural Resources Growth & Income (CYN) has published a stunning annual return of 87% with its fund managers upbeat about prospects after reuniting with the £156m investment trust after a six-month absence. Keith Watson and Robert Crayfourd’s defection from CQS Manulife in March and their arrival at Tufton in September prompted the trust to […]

29 Oct 2026

Oakley Capital Investments shares rise on £257m disposal and early talks to sell top holding in testing group Phenna

Oakley Capital Investments (OCI) is to sell £272m (€313m) of stakes in five Oakley Capital private equity funds while its fund manager is in early talks to sell Phenna, the UK testing group that accounts for 13% of the investment company’s assets. The sale of interests in Oakley Capital Funds IV, V, VI, Oakley Capital […]

29 Oct 2026

Morning briefing: New Star lost investment trust status for two years; Schroder BSI Social Impact says fund manager working on a buyout

New Star International (NSI), the £99m investment trust whose majority 59% shareholder is John Duffield, has made a £340,000 capital gains tax (CGT) provision after losing its investment trust status for two years. The company, which the former New Star Asset Management boss Duffield founded in 2000 to look after his family’s wealth, said it […]

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