Canaccord has launched the Quest Global Equity Cashflow Compounder Units ETF, using the Canadian investment bank’s proprietary analytics tool to assess the best 30 of 20,000 global equities. Quest, a quantitative screen first developed in the 1990s by Collins Stewart under its then chief executive Terry Smith, uses a cashflow return on assets approach to […]
BlackRock Latin American (BRLA) shares fell 13% after Brazilian financial markets and its currency, the real, sold off following President Luiz Inácio Lula da Silva’s remarkable comeback victory in Brazil’s election, defeating the right-wing and more market-friendly candidate, Senator Flávio Bolsonaro. The £100m investment trust slid 59p to 394.6p, losing this year’s gains. CNBC says […]
Shareholders in Baillie Gifford US Growth (USA) have voted 52.8% to 47.2% against Saba Capital’s resolutions to appoint three of its nominees to the board, with a similar majority backing the existing directors led by chair Tom Burnet. Excluding hedge funds Saba and Sessa Capital, who held over 29% and nearly 8% of the shares […]
The Baillie Gifford US Growth (USA) annual general meeting is over with shareholders waiting on the board to declare whether Saba’s third attempt to gain control has been successful. An announcement is expected this afternoon once the last remaining votes have been counted. The USA and Baillie Gifford camp were tight lipped as to the […]
A modest allocation to overseas stocks, including three US tech companies, failed to boost half-year returns at BlackRock Smaller Companies (BRSC) as the trust continues to suffer from poor investor sentiment to its asset class. Although boosted by its merger in April with stablemate BlackRock Throgmorton, the now £632m investment trust had a disappointingly flat […]
Marwyn Value Investors (MVI), the Cayman Islands fund that employs a private equity style “buy and build” strategy to UK smaller companies, has published a circular detailing its 2026 realisation share offer. This is the third such offer since the investment company started giving shareholders five-yearly opportunities to switch from the MVI ordinary shares into […]
The Financial Conduct Authority has said that its decision to close its inquiry into the Home REIT (HOME) scandal represented its view that it was better to divert its resources to helping the Serious Fraud Office in the criminal investigation that saw police make six arrests earlier this year. “We have carefully considered the case […]
HarbourVest Global Private Equity (HVPE) has launched the $400m (£298m) tender offer that enabled it to comfortably pass its first continuation vote with the support of activists Saba and Asset Value Investors in July. The £2.2bn investment company said the “unprecedented” return of capital, the largest by a London-listed private equity fund, would enable shareholders […]
Aberdeen Asia Focus (AAS), the top-performing Asia smaller companies trust, delivered a 22.3% investment return in the year to 31 July. The leap in net asset value (NAV) underpinned a 23.9% for shareholders and beat the 9.5% rise in the MSCI AC Asia ex Japan Small Cap index. The strong annual result under Aberdeen managers […]
Home REIT (HOME) says the Financial Conduct Authority (FCA) has closed its investigation and intends to take no further action against the company that remains the subject of a Serious Fraud Office probe. The news come more than two-and-a-half years after the City regulator announced in February 2024 that it had begun an investigation into […]
