In QuotedData’s other news 6 August 2019 –
- VPC Speciliaty Lending says that it has put in place an amended funding arrangement with Oakam, a UK-based digital micro-lender. Oakam got itself into trouble and was placed in administration. It came out of administration at the end of June and received a £6m cash injection from its management and others. The FCA has approved it resuming consumer lending.
- Pershing Square, which operates with a concentrated portfolio, has sold two of its investments and bought a new one. the two stocks that have exited the portfolio are United Technologies and ADP. The identity of the new investment, which accounts for 12% of the portfolio, has not been disclosed yet.
We also have a quarterly update from Civitas
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