Efforts by Global Opportunities Trust (GOT) to raise its profile paid off last year as the defensively managed, flexible investment fund delivered a 21.9% total return to shareholders. Much of this came from the shares narrowing their gap – or discount – to the portfolio’s net asset value from 23.5% to 16.1% as increased marketing […]
BioPharma Credit (BPCR), the £1bn high-yielding lender to US drugs companies, is confident of redeploying its large cash pile as a recovery in mergers and acquisitions in the pharmaceutical sector provides new investment opportunities. Collegium Pharmaceutical’s repayment of a $261.4m loan in December, having achieved its first syndicated credit facility with mainstream banks on lower […]
Oryx International Growth (OIG) has announced “with great sadness” the death of its chairman Nigel Cayzer. Cayzer, 71, was a former chair of Aberdeen Asian Smaller Companies, now Aberdeen Asia Focus (AAS), and served as a non-executive director on Caledonia Investments (CLDN) in the 1980s. The board of the £256m UK smaller companies trust managed […]
The chair of Edinburgh Worldwide (EWI) has hit out at the Financial Conduct Authority after one of its senior officials said the regulator should not be expected to “pick sides” in investment trusts’ battles with activist hedge fund Saba. Jonathan Simpson-Dent (pictured) said smaller investors needed “meaningful protection” after Simon Walls, interim executive director for […]
CQS Natural Resources Growth and Income (CYN) has followed Golden Prospect Precious Metals (GPM) and Geiger Counter (GCL) in serving protective notice against its investment manager Manulife CQS after the resignations last month of Keith Watson and Robert Crayfourd. CYN, at £126m the largest of the three investment companies run by the mining specialists, has […]
Partners Group Private Equity (PEY) is under pressure to return more capital to shareholders after a disappointing 2025 saw its portfolio fall 8.7% to €891.5m (£773m). Most of the net asset value (NAV) decline, 5.7%, was due to the weak dollar but “value creation” was just 0.7% with a number of companies facing “idiosyncratic challenges”. […]
European markets have rebounded after US President Trump postponed strikes on Iran’s power plants saying the US had held “productive discussions” about a halt to the aerial war it launched with Israel on 28 February. From an intra-day low of 9,672 at 10.50am, the FTSE 100 rallied 2.8% to 9,943 at 12.45pm as stocks, including […]
Temple Bar (TMPL), the top-performing UK Equity Income investment trust, is confident it can maintain its winning form after outpacing the rebound in the domestic stock market by nearly nine percentage points last year. Annual results confirm the company, which celebrates its centenary this year, generated a total underlying return of 33.9% in 2025, exceeding […]
SDCL Efficiency Income (SEIT) has delivered the disposal it promised in December, selling a portfolio of operational assets to French green investor Kyotherm for £105m to cut debts, but has warned the 9% discount to net asset value (NAV) is as good as it can get in a buyers’ market and that bigger cuts will […]
Augmentum Fintech (AUGM) has urged shareholders to vote for the £185.7m cash bid from Norwegian buyout group Verdane the board recommended last month as the best way for investors to realise some value in the short term. The investment company has published a circular detailing how shareholders can send in proxy votes for the meetings […]
