The Renewables Infrastructure Group (TRIG) comfortably passed its first continuation vote yesterday with 99.3% support from the around 70% of votes voted at the annual general meeting. The ordinary resolution, number 15, on continuation was backed by over 1.5bn shares with 108.3m against and 15.5m withheld. TRIG’s announcement in May of a £400m 12-month disposal plan to fund share buybacks and debt reduction combined with a cut in fees appears to have had the desired effect after the controversial attempt to merge with sister fund HICL Infrastructure (HICL) at the end of last year. Last month it sold its 17.5% stake in the Beatrice offshore wind farm for £155m.

Valhalla, the investment vehicle of Preqin founder Mark O’Hare, has increased its stake in HgCapital (HGT) to 11% from 10% as shares in the £1.7bn software focused private equity fund continue to trade on a wide discount of 28% below net asset value. Jersey-based Valhalla first disclosed a 3.3% position in February after the investor in Hg funds was knocked by fears its portfolio companies would be disrupted by artificial intelligence.

BH Macro (BHMG) says its hedge fund manager Brevan Howard has launched the new private fund it announced in January to invest and trade in BHMG and its other funds and strategies, including the Cayman Islands Master Fund in which BHMG invests. The discount on BHMG’s sterling shares has narrowed from around 10% to 6% since the announcement.

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