In QuotedData’s daily briefing for 20 March 2023: City of London (CTY) has applied for a block listing of 26m shares, equal to 5% of the current circulation. Scottish Mortgage (SMT) has confirmed that Professor A Bhidé remains a director of the trust and has not resigned or been removed. Schroder European REIT (SERE) has […]
Silicon Valley Bank (SVB) was, I’m sure, a largely unknown financial institution for many of our readers. Though they would be forgiven for their past ignorance, given that SVB was focused on servicing clients in a specific sector, usually in another country, who were, more often than not, headquartered down the street from the bank. […]
HgCapital Trust (HGT) has reported its annual results for the year ending 31 December 2022. Over the 12 month period HGT reported a NAV total return of 5.4%, though it also reported a share price total return of -15.1%. £527m was invested alongside Hg, the managing firm, including seven new portfolio companies. £404m returned to […]
Allianz Technology Trust (ATT) has reported its annual results for the year ending 31 December 2022. 2022 was a difficult year for ATT, and the wider technology sector in general. AGT reported a NAV total return of -33.6%, and share price return of -40.4%. This compares to the -26.4% return of its benchmark, the Dow […]
In QuotedData’s morning briefing for 13 March 2023: Gresham House Energy Storage (GRID) has announced a trading update for its portfolio for the 2022 calendar year, in advance of its annual results, to be published in April. GRID reported 20% like-for-like growth in underlying portfolio EBITDA in 2022, with EBITDA in excess of £48mn. This […]
Tetragon Financial Group (TFG) has released its annual financial returns for the 12 month period ending 31 December 2022. Over the period TFG reported a return on equity of -0.8%, a NAV total return of 1.0%, and a share price total return of 18.5%. This represents a NAV underperformance relative to TFG’s hurdle of LIBOR+2.65%, […]
Bellevue Healthcare Trust (BBH) has released its annual results for the 12 month period ending 30 November 2022. BBH reported a NAV total return of -4.1%, and share price total return of -11.9%. This compares to the 14.1% return of its benchmark, the MSCI World Healthcare Index. BBH’s underperformance is largely the result of its […]
In QuotedData’s morning briefing for 6 March 2023: Life Settlement Assets (LSAA) has announced that it has received federal approval for the sale of the portfolio of life policies to Acheron Portfolio Trust. The portfolio was sold for a gross consideration of $24m, with transaction costs estimated to be $5m. Castelnau Group Limited (CGL) has […]
In QuotedData’s morning briefing for 17 February 2023 The board of CVC Income and Growth (CVCE) has announced that the trust’s investment manager, CVC Credit Partners Investment Management, has waived its future right to a performance fee, taking effect from 1 January 2023. abrdn European Logistics Income (ASLI) has agreed a 3,939 sqm lease renewal […]
Brunner (BUT) has released its annual results for its financial year ending 30 November 2022. BUT reported a NAV total return of 3.0% over the 12 month period, outperforming its composite benchmark index (70% FTSE World Ex-UK and 30% FTSE All Share Index) which rose by 1.4%. BUT’s board has proposed a final dividend of […]
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