Chrysalis Investments’ (CHRY) three-year wind down got off to a tough start in March with the market turmoil caused by the US-led war on Iran leading to a 17% or 28.1p first quarter drop in net asset value (NAV) per share to 137.3p. In an update the £420m investment company said the decline largely reflected […]
Pacific Assets (PAC), the £450m Asia Pacific fund rocked by the departure of its fund management team led by David Gait last August, stalled last year with zero growth in the portfolio, annual results have revealed. The 0% total underlying return in net asset value in the 12 months to 31 January lagged the 28.6% […]
Pershing Square Holdings (PSH) fund manager Bill Ackman has assured shareholders they will see the benefits of the double flotation of his investment management company and its new US hedge fund in New York, even though their shares slumped on their first day of trading this week. Pershing Square US (PSUS), a “mirror fund” that […]
Master Investor is over for another year, and I am very glad I had the chance to attend the UK’s biggest annual retail investment jamboree. As a first-timer to the show in London’s Business Design Centre, I was impressed to see a big, buzzy crowd of private investors (with over 4,000 tickets sold) gathered in […]
Ecofin US Renewables Infrastructure (RNEW), a £26m investment trust that began a managed wind-down in January 2025, saw net asset value fall 15.9% from $61.7m to $51.9m at 31 December. This was mainly the result of the sale of its DG solar assets in March last year and the potential $30m disposal of Whirlwind wind […]
Edinburgh Worldwide (EWI) has conceded defeat in its battle with Saba Capital saying the activist hedge fund has won the support of another US fund to take its base to over 40% of the shares, meaning its three nominees to the board will be elected at the annual general meeting (AGM) today. Subject to confirmation […]
The launch of a $280m SpaceX-backing “NASA” exchange traded fund (ETF) in the US has had an unexpected effect in propelling UK tech stock Filtronic to new highs. Filtronic (FTC), a County Durham based supplier of satellite communication components in which SpaceX has a 15% stake, has soared 44% this month following the launch of […]
(Update) Long-suffering shareholders in Home REIT (HOME) have seen their stakes drop a further 78.8% this morning after the scandal-hit former homeless accommodation provider returned from a 39-month share suspension. Shares that were suspended at 38p on 3 January 2023 sank around 30p to 8p after trading resumed at 7.30am. They stood at 123p in […]
Artemis fund managers Mark Niznik and William Tamworth have apologised after a poor start on Artemis UK Future Leaders (AFL), the former Invesco Perpetual UK Smaller Companies they took on from Invesco on 7 March last year. Annual results show net asset value rose 5.3% from their appointment to 31 January compared to 21.5% from […]
Seraphim Space’s (SSIT) C-share issue has received a timely boost from satellite company HawkEye 360 announcing a $2.4bn US flotation. The £528m investment trust says the initial public offer (IPO) in New York of the operator of the largest constellation of radio-frequency sensing satellites, its fourth biggest holding at 10.1% of assets, could add £11.1m […]
