In QuotedData’s other news 15 July 2019:
- The multi-strategy absolute return fund, Independent Investment Trust (IIT), reported half-year results to 31 May 2019 this morning; the NAV and shares were up by 6.5% and 4.7% respectively. Previously classified as a global fund, IIT is now falls under UK, following the Association of Investment Companies (AICs) recent changes to sector classifications.
-
Apax Global Alpha (AGA) announced that its board intends to commit $450m to the Apax X private equity fund. This commitment is expected to be split 50:50 between the euro and USD tranches of the fund.This is in accordance with the company’s investment policy to invest in new private equity funds launched by Apax Partners and with a view to maintaining a balanced exposure to private equity and derived investments.
We also have stories on Polar Capital Technology, Adamas Finance Asia and Symphony International.
.