Literacy Capital (BOOK), the £260m UK private equity fund, has sold Wifinity, the internet managed service provider and one of its earliest investments, to Arcus Infrastructure Partners for £15m, in line with its previous valuation and will use the money to repay its borrowings. A £400,000 milestone payment is expected later this year from the […]
A review of the very best and worst investment trusts last year with some thoughts on potential recovery plays. Last year will go down as a golden 12 months for investors in listed commodities funds, but shareholders in a variety of emerging market, technology and recovery plays also have cause to celebrate. As precious metals […]
BlackRock Latin American (BRLA) is to hold a 25% tender offer after failing to hit the performance target set by its board over four years ago despite a rebound in 2025. The £118m investment trust, whose portfolio is managed by Sam Vecht and Gordon Fraser, said its US dollar investment returns had lagged the MSCI […]
