More than a port in a storm It is often said that markets climb a wall of worry, but there are times when investors panic and run for the exits. In such an environment, the attractions of funds which are defensively positioned and managed by an experienced team, with an investment ethos based on an […]
More than a port in a storm It is often said that markets climb a wall of worry, but there are times when investors panic and run for the exits. In such an environment, the attractions of funds which are defensively positioned and managed by an experienced team, with an investment ethos based on an […]
The CG Asset Management (CGAM) team’s focus on medium-to-long-term absolute returns and excellent track record have attracted a loyal following of investors. Both Capital Gearing Trust and CG Absolute Return Fund have seen significant inflows since we published our initiation note in September 2018, and CG Absolute Return now has a three-year track record, which […]
The rewards of long-term thinking The CG Asset Management (CGAM) team’s focus on medium-to-long-term absolute returns and excellent track record have attracted a loyal following of investors. Both Capital Gearing Trust and CG Absolute Return Fund have seen significant inflows since we published our initiation note in September 2018, and CG Absolute Return now has […]
General Commentary from Peter Spiller – Latest quarterly update The long experiment of persistently stimulative monetary policy conducted by the Federal Reserve looked last Autumn as though it might be ending. The dot plots suggested that short rates would rise four times while inflation forecasts were constrained. However, in December Chairman Powell capitulated as even […]
CG Asset Management – Focus on absolute returns The CG Asset Management (CGAM) team’s focus on medium-to-long-term absolute returns, coupled with its excellent track record has attracted a loyal following of investors. This note describes: CGAM’s business; its investment approach; and two of its absolute return funds: Capital Gearing Trust CG Absolute Return Fund Manager […]
CG Asset Management – Focus on absolute returns The CG Asset Management (CGAM) team’s focus on medium-to-long-term absolute returns, coupled with its excellent track record has attracted a loyal following of investors. This note describes: CGAM’s business; its investment approach; and two of its absolute return funds: Capital Gearing Trust CG Absolute Return Fund Manager […]
[QD comment MR: This marks a rare instance where a subscription exercise has been declined on valuation grounds and reflecting the sharp disconnect between the pre-set subscription terms and prevailing market conditions. Clearly GCL’s board are looking after its shareholders.] We also have: Stories you may have missed from yesterday:
ICG Enterprise Trust (ICGT) has completed a secondary sale of eight mature primary fund investments, raising net proceeds of £62m. The transaction, which ICGT says attracted strong buyer interest, was completed at a 5.5% discount to the 30 September 2024 valuation and delivered a 1.6x multiple on invested capital (equivalent to a 15% IRR). The […]
Supermarket Income REIT is proposing to internalise its management function, with the board and its current manager Atrato Group reaching agreement on a £19.7m deal. The board said that it believes the move delivers a number of compelling financial and strategic benefits, including: Significant cost savings of at least £4m per annum, equivalent to a yield […]
