M&G Credit Income Investment Trust announced its annual results for the year ended 31 December 2022. NAV fell 1.7% for the year, falling short of the 5.5% benchmark return. While management acknowledged the disappointing result, they did note that it was the first year of underperformance since the IPO in 2018. The annual report noted: […]
RM Infrastructure Income (RMII) announced its annual results for the year-end December 2022. Including dividends, the company achieved NAV growth of 5%, while shares grew 3.7%, following on from its impressive performance through 2021 which saw NAV and share price growth of 7.6% and 16,7% respectively. While there is no mention of a benchmark in […]
Aquila European Renewables (AERI) announced its annual results for the year-end December 2022. The company added +184.7 MW of operating capacity during the year, an increase of 80.7%. NAV increased 12.7%, the largest growth since IPO while revenue came in 20.4% ahead of expectations thanks to favourable energy pricing during the period. The results cap […]
RTW Venture Fund Limited announced that Abdera Therapeutics has completed its $142M Series A and Series B financing rounds in which it participated. Abdera is a privately held pre-clinical stage biopharmaceutical company leveraging antibody engineering to design and develop new precision radiopharmaceuticals for cancer. The company is building a pipeline of potentially best-in-class therapies for […]
NB Private Equity Partners (NBPE) announced annual results for the year-end 31 December 2022. NAV fell 7.5% over the 12-month period with the decline driven by changes in quoted holdings and FX. Despite the falling NAV, the underlying portfolio performance was solid with operating performance of 14% LTM revenue and 12% LTM EBITDA growth, respectively. […]
Round Hill Music Royalty Fund announced its full-year results for the year end December 2022. The company saw a 13% increase in NAV to US$519.6m driven by active rights management and positive structural music industry tailwinds while revenue increased 32% YOY. The performance continues an impressive period for the company, which has delivered a 35% […]
GCP Asset Backed Income Fund (GABI) announced its quarterly update for the period ended 31 March 2023. NAV increased 0.24% over the three months driven by an increase in the weighted average annualised yield on the investment portfolio, from 8.0% as at 31 December 2022 to 8.4% as at 31 March 2023 and from the […]
AVI Japan Opportunity Trust announced a Q1 update with NAV increasing by 7.4% over the quarter despite a -3.2% weakening in the Japanese Yen. This was well ahead of the MSCI Japan Index which returned +3.3% (all in GBP). [The outperformance was driven by strong stock selection and was particularly impressive considering the general underperformance […]
Invesco Perpetual UK Smaller Companies Investment Trust announced annual results for the year ended 31 January 2023. The company returned 17.5% in NAV terms, underperforming its benchmark index, the Numis Smaller Companies + AIM (excluding investment companies) Index, which returned –12.4%. The company’s share price total return for the year was 17.0%. The performance stands […]
VinaCapital Vietnam Opportunity Fund has announced that Thuy Dam has retired from her position as director of the company with effect from 18 April 2023. Thuy has been a director of VOF for nine years since 2014 and her retirement is in compliance with best corporate governance practices. Thuy played an important role in the […]