Valhalla Ventures, the holding company of Preqin founder Mark O’Hare, has lifted its stake in HgCapital (HGT) for a third time to 6.4%. The disclosure came yesterday as the private equity trust fell as Investec reversed the “buy” rating slapped on the shares two weeks ago when they stood at a two-year low. Jersey-based Valhalla […]
NextEnergy Solar (NESF), the 17%-yielding renewables fund on a 40% share price discount, is to update investors on its strategic review on 11 March. NESF said the review being overseen by new chair Tony Quinlan was “progressing well” as it reported a further 3.9p, or 4.4%, fall in net asset value (NAV) per share to […]
UK inflation dropped to 3% in January, its lowest level since last March, according to the Office for National Statistics. Growth in the consumer price index fell from 3.4% in December, driven by lower food and petrol prices, but is still above the Bank of England’s 2% target. The FTSE 100 rallied 1% to 10,660 […]
European Opportunities Trust’s (EOT) underperformance in the half-year to November may have been what tipped the board into announcing a strategic review last Friday, but fund manager Alexander Darwall remains confident in the prospects for his portfolio of “special” companies. Interim results today showed net asset value (NAV) including the annual 2p dividend paid in […]
Sirius Real Estate (SRE) took in £77m from investors yesterday in an accelerated fund raise to complete the €130m (£113m) acquisition of two defence-related investments in Germany. The £1.5bn property company, which invests in business parks in the UK and Germany, raised £77m before costs in a £75m share placing to institutions and a £2m […]
HgCapital Trust’s (HGT) newest shareholder, Valhalla Ventures, has raised its stake for a second time, lifting its position in the private equity fund to 5.4% last Thursday, according to a filing yesterday. Valhalla, the holding company of Preqin founder Mark O’Hare (pictured) and his wife Linda, now owns over 24.7m shares which at Monday’s closing price […]
A buoyant Seraphim Space (SSIT) has unveiled a “substantial” 24% leap in net asset value (NAV) on the back of valuation and contract gains by its four biggest holdings ICEYE, AllSpace, D-Orbit and Hawkeye 360. James Bruegger, chief investment officer at SSIT’s fund manager, Seraphim Space Manager, suggested there could be more to come after […]
The Renewables Infrastructure Group (TRIG) has promised to step up share buybacks after revealing its net asset value (NAV) dropped 5.2% in the last quarter of 2025. With just four months to go before a continuation vote in June brought on by its weak share price, the company’s stock remains stuck on a wide 34.5% […]
Custodian Property Income (CREI) has quickly made good on its intention to expand through acquisition, announcing the purchase of Grove Court Properties, a £36m portfolio that has been family owned for 40 years. It was only on Friday the £408m real estate investment trust said it was in “initial talks” with a number of wealthy […]
Pershing Square (PSH) fund manager Bill Ackman “coerced and bullied” the directors of US real estate firm Howard Hughes into selling his firm Pershing Square Capital Management $900m of new shares last May, lifting its stake to nearly 47%, according to a class action lawsuit filed by the Charter Township of Shelby Fire & Police […]
