News

29 Mar 2023
CQS New City High Yield - Escalators do not go to the sky!

Tech wreck sinks Menhaden Resource Efficiency

Menhaden Resource Efficiency announced its results for the year ended 2022. The numbers do not make for great reading with NAV down 16.5% while shares fell 20.3%, offsetting their solid performance from the previous year. The discount fell steadily throughout the year, falling as low as 36% at one point. It has improved slightly from […]

29 Mar 2023

Another tick for BH Macro

BH Macro Limited released impressive numbers for the year-end December 2022. The price of the sterling class shares rose by 20.05% and the US dollar class shares by 12.72%, whilst the NAV per share rose by 21.91% for the sterling class shares and 21.17% for the US dollar class shares. While the company doesn’t list […]

29 Mar 2023

Fidelity Japan Trust caught by growth value rotation

Fidelity Japan Trust (FJV) closed out a tough year, announcing results for the period ending December 2022. The company NAV fell by 24.3%, well behind the TOPIX benchmark which was down just 4.1%. Shares fell in sympathy, down 28.1%. Despite the share price volatility, the discount has remained relatively stable at around 10% over the […]

29 Mar 2023

CVC Income & Growth impresses despite broader market conditions

CVC Income & Growth Limited (CVCG)  announced annual results for the year ended December 2022. The company saw solid NAV growth of 6.75%, following on from last year’s 12.2% while also increasing its dividend from 4.6 to 5.7%. Despite this, shares fell around 7%. The company does not provide a benchmark in the annual report, […]

29 Mar 2023

Octopus Renewables continues solid start but still work to be done

Octopus Renewables Infrastructure Trust (ORIT) announced its results for the year ended 31 December 2022. The company saw solid growth for the second year running with NAV up 12.3% after returning 9.3% the year prior, with NAV up 25.9% since the IPO in December 2019. The performance of its shares has been less impressive, however, […]

29 Mar 2023

End of a challenging year for European Assets Trust

European Assets Trust (EAT) announced its results for the year ended 31 December 2022. NAV return was 28.2% for the year ended 31 December 2022.  This compares to -17.7% for the benchmark, EMIX Smaller European Companies (ex UK) Index. Shares fell 28.4% in sterling terms over the same period. The company also announced a reduced […]

29 Mar 2023

QuotedData morning briefing 29 March 2023

The board of Brown Advisory US Smaller Companies (BASC) announced the appointment of Jane Routledge as an independent non-executive director with effect from 1 April 2023. Jane is currently a non-executive director at M&G Credit Income Investment Trust plc where she is also a member of the audit & risk, remuneration, management engagement and nomination […]

28 Mar 2023

CT Private Equity wraps up tough year

CT Private Equity Trust (formerly BMO Private Equity Trust) announced preliminary annual results for the year-end December 31 2022. NAV increased 14.8% for the period, while shares fell 8.9%. The trust contrasts that with a 0.4% return on the All-Share Index. The dividend yield was 6.1% based on the year-end share price. As we have […]

28 Mar 2023

Game of two halves as Schiehallion Fund falls back to earth

Schiehallion Fund Limited has announced annual results for the year ended Jan 31, 2023. Since its launch in March 2019, shares have ridden a rollercoaster, reaching a peak of more than 150% above list price, however as we have seen across the growth universe, many of these companies crashed back down to earth over the […]

28 Mar 2023

Stable start for VH Global Sustainable Energy Opportunities

VH Global Sustainable Energy Opportunities reported its annual results for the year ended 31 December 2022. Shares fell -5.61% while NAV increased by 7.6%. The company does not provide a benchmark in its annual report, however, performance was roughly in line with the S&P Global Clean Energy Index. The discount remained relatively steady throughout the […]

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