3i Group (III) extended its recovery from May lows with the £29bn private equity backer of Action, the European discount retailer, rallying just over 15% in July, following an 11.6% gain in June. RIT Capital Partners (RCP) benefited from a £300m tender offer that spurred shares in the Rothschild-backed global multi-asset fund 12% higher. Greencoat […]
Murray International (MYI), the £2.2bn investment trust flagship run by Aberdeen, delivered a 10.5% investment return in the first half of the year with shareholders receiving 9.9% as the shares saw their premium over net asset value dip to 2.4% from 3%. Although the half-year result underperformed the 12.4% increase in the MSCI ACWI High […]
RIT Capital Partners (RCP) continued to fire on all cylinders in the first half of the year, helped by an unrealised gain of £110m in the record $1.7trn SpaceX flotation. Interim results show the £3.2bn global multi-asset fund backed by the Rothschilds generated an underlying investment return of 9% in the six months to 30 […]
Tritax Big Box (BBOX) has raised £350m to fund two new data centres in Greater London after securing 235MW of grid connection agreements to power them. Launching the fund raise after the market closed last night, the £4.6bn real estate investment trust said the new developments would be “materially accretive” to earnings. However, the issue […]
Tetragon Financial Group (TFG), the £1bn hedge fund and alternative investments platform standing on a huge 69% discount to net asset value, has launched a $50m tender offer to let holders of its non-voting shares sell them between $12.75 and $14.75. The tender offer is expected to close on 3 September. The shares stand at $13.60 compared […]
Saba Capital has disclosed a stake of 5.1% in Unite Group (UTG), confirming reports last month that the activist hedge fund was building a position in the UK’s largest student accommodation provider. A filing today shows the US firm has just 0.08% in shares with 5% in total return swaps held across a range of […]
RM Funds, the 4.8% shareholder in Gore Street Energy Storage (GSF) that tapped into investor discontent over the investment trust last year, has signalled its intention to back Saba Capital in voting for the fund’s discontinuation next month. Pietro Nicholls, the VT RM Alternative Income fund manager who led RM Funds’ campaign for better governance […]
Target Healthcare (THRL) boss Kenneth MacKenzie says he is looking forward to Andy Burnham’s social care reforms after the new prime minister’s speech on the subject last week. MacKenzie, chief executive of Target Fund Managers, which runs the £1bn care home portfolio, said: “We note the prime minister’s recent social care plan speech and the […]
Seraphim Space (SSIT) says space start-ups raised approximately $7.5bn across 141 venture deals during the second quarter of 2026. Its research, which features in the investment trust’s latest newsletter, found that investment remained close to record levels, with SpaceX’s IPO helping to broaden investor interest. James Carthew, head of investment company research at QuotedData, said: […]
Pantheon International (PIN) plans to offload more fund holdings as it repositions its £2.1bn private equity portfolio towards direct investments and continues to return capital to shareholders. In annual results today Pantheon partner and PIN’s lead manager Charlotte Morris indicated that the £224m ($300m) of fund stakes sold in May was the first of a […]
