News

24 Oct 2025

VinaCapital spies more opportunity after difficult year as tariff turmoil subsides and Vietnam aspires to emulate Korea

VinaCapital Vietnam Opportunity (VOF), the second largest of the three London-listed Vietnam funds, hopes a rebound in the past three months will continue after posting disappointing annual results partly weighed down by the turmoil over US tariffs. The £616m US dollar-based investment company saw net asset value (NAV) fall 4% to $7.13 in the year […]

24 Oct 2025
Greek flag

Morning briefing: Aquila renewables fund to return £55m after Greek disposal; TwentyFour Income raises £42m; plus BBOX, ICGT, PIN, USA, AAEV, AATG, CRWN

Aquila European Renewables (AERI), a £176m investment company two years into a difficult wind-down, has agreed to sell its Danish and Greek wind assets (Holmen II, Svindbaek and Desfina) to its fund manager Aquila Capital for €61.9m, a 17% discount to their valuation at 30 June. Together with the €16.5m sale of its minority investment in […]

23 Oct 2025

AI fund Manchester and London hikes dividend by 30% to offset suspension of share buybacks

Manchester and London (MNL), the £303m technology forced to suspend share buybacks last month in a bid to protect its investment trust status, has announced a dramatic hike in its dividends to shore up shareholder returns. Chair Dan Wright said the company would pay at least 40p in annual dividends for the next five years […]

23 Oct 2025

Top performer Polar Capital Global Healthcare looks for minimum £270m to continue after its relaunch

Polar Capital Global Healthcare (PCGH) has effectively set a 40% limit on the forthcoming 100% exit it is offering shareholders as part of its eight-year reconstruction. Although shareholders in the top-performing £458m investment trust will be free to sell all their shares in the tender offer next month, the company has set a minimum of […]

23 Oct 2025

Aberdeen Asia Focus celebrates 30th birthday with “outstanding” results over one year and since launch

Aberdeen Asia Focus (AAS), a £519m smaller companies investment trust, has marked its 30th anniversary with a small name change and a big rise in its annual return. Out goes the silly Abrdn moniker following its fund manager’s welcome rebranding and in comes news of a 20.3% underlying investment return that smashed the 7.6% return […]

23 Oct 2025

Morning briefing: HarbourVest and Molten report half-year gains in private equity recovery; plus PEY, SWEF, RSE

HarbourVest Global Private Equity (HVPE) has reported robust half-year results with net asset value (NAV) per share rising 6.2% to a record $57.55 (£47.10) in the six months to 31 July. This was supported by portfolio valuation gains of 5.6%, with infrastructure (+11.4%) and European holdings (+13.4%) leading the way. Realisations, or sales, totalled $142m […]

22 Oct 2025
22 Oct 2025

Barings Emerging lives to fight on after a fifth of shares vote against continuation following tender offer U-turn

Barings Emerging EMEA Opportunities (BEMO) has passed the continuation vote it called this month when back tracking on a commitment to hold a 25% tender offer. However, the £94m emerging markets investment trust will have to make peace with one of its largest shareholders after just over 33% of shares in yesterday’s general meeting in […]

22 Oct 2025

Morning briefing: Macau Property eyes emergency share issue; CVC Income raises £10.3m; Custodian sells seven Merlin properties

Macau Property Opportunities (MPO), the £34m real estate fund trying to complete a lengthy wind-up in the China region’s prolonged slowdown, is considering an emergency share issue to resolve a cash flow crisis. The company, which in August reported a 23.5% slump in net asset value in the three months to 30 June, said the […]

22 Oct 2025

Gore Street Energy Storage appoints former chair of Harmony Energy in board overhaul

Gore Street Energy Storage (GSF) has delivered on its commitment to overhaul its board a month after a row over the disclosure of £10.6m additional fees to its fund manager. The battery fund has appointed two experienced investment company directors, Norman Crighton and Angus Gordon Lennox, and said its current chair and senior independent director […]