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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
An excited crowd of fund managers, directors, journalists and PR folk assembled at the Guardian Royal Exchange in the City of London last week for QuotedData’s second annual investment companies awards. Corks popped and champagne flowed as the winners of our 14 awards were announced. Everyone likes to be told they’re the best. What […]
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 […]
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 […]
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 […]
