Henderson High Income (HHI), the only London-listed UK equity and bond income fund, has agreed a cut in the management fee it pays fund manager Janus Henderson as it strives to keep its costs in line with more numerous UK equity income rivals. Backdated to 1 January, the 0.45% annual fee that was previously charged […]
SpaceX is to file a prospectus for an initial public offering with US regulators as early as this week, according to reports, with the Times saying this starts a countdown to a $1.5trn flotation that could see Elon Musk’s rocket, satellite and AI group raise $75bn. Baillie Gifford trusts Scottish Mortgage Trust (SMT), Edinburgh Worldwide […]
CQS mining fund managers Keith Watson and Robert Crayfourd are to join Tufton, manager of tanker fleet operator Tufton Assets (SHIP). Tufton Investment Management said they would start later this year after completing their contractual obligations to Manulife CQS. The pair are serving three-month notices after stunning the market with their resignations earlier this month. […]
Literacy Capital (BOOK) is under pressure to revive its flagging share price after the UK private equity fund experienced its worse year of performance since listing in 2021. While net asset value (NAV) edged 0.3% higher to 484.3p in 2025, the share price slid 15.6% as economic uncertainty and a £41m write-down of its top […]
Last year was a good one for JPMorgan Claverhouse (JCH) with the £452m equity income trust outperforming the UK stock market and taking a big step towards restoring dividend earnings cover in the first full year under new fund managers. The 63-year-old investment company achieved a 27.6% total underlying investment return in 2025 on account […]
Sparkling half-year results from CQS Natural Resources Growth and Income (CYN) have again highlighted the poor timing of Saba Capital and other investors who sold out in the mining fund’s tender offer last July. On the back of a surge in precious metals, the investment company made an underlying investment return of 69.3% in the […]
Global multi-manager giant Alliance Witan (ALW) has negotiated a management fee cut from its fund manager Towers Watson. The current tiered annual management charge starting at 0.52% will be replaced in April by a single charge of 0.46% of the £4.5bn investment trust’s market value, falling to 0.41% in January. This follows publication of its […]
HICL Infrastructure (HICL) has looked to move beyond the embarrassment of its aborted merger attempt with Renewables Infrastructure Group (TRIG) late last year by selling its 24% stake in the A63 Motorway in France for £311m. The price for HICL’s second largest holding at 8.4% of assets represents a 21% premium to book value, which […]
Chrysalis (CHRY) received 98% of shareholder votes at Wednesday’s EGM for the three-year wind-down proposed by the board. Chair Andrew Haining said: “The board will now implement an orderly realisation of the company’s assets, in a manner consistent with maximising the portfolio value over a three-year period.” BB Healthcare has changed its name and ticker […]
The real estate investment trust is sector is hopping with M&A excitement this afternoon as AEW UK REIT (AEWU) makes a move on Alternative Income REIT (AIRE) and LondonMetric Property (LMP) and Schroder Real Estate (SREI) collaborate in a potential carve-up of Picton Property Income (PCTN). Alternative Income, a £60m long lease fund, one of […]
