Bellevue Healthcare (BBH) is seeking shareholder approval to replace its fund manager Bellevue Asset Management with Columbia Threadneedle, rename itself CT Healthcare Trust and drop the zero discount policy that has contributed to the investment trust’s decline in the past three years. Concluding a three-month strategic review prompted by the trust’s poor performance and shrinking […]
Murray Income (MUT), the £916m UK equity income trust managed by Aberdeen’s Charles Luke, says it is in the final stages of its strategic review having met a short list of companies offering to merge with or run its portfolio. It will announce its decision by the end of the year but not in time […]
Christopher Samuel, chair of Scottish Mortgage Trust (SMT), will take charge of Oakley Capital Investments (OCI) next March. The former chief executive of Ignis Asset Management will join the £954m listed private equity fund as a non-executive director on 17 November and become its chair after a four-month transition when interim chair Steve Pearce steps […]
Primary Health Properties (PHP) has gained the Competition and Markets Authority’s approval for its acquisition of Assura (AGR), with the regulator concluding the creation of a £6bn healthcare real estate investment trust raised no competition concerns. PHP said it would turn its full attention to integrating the two businesses and realising the full benefits of […]
Aberdeen Group (ABDN) is to acquire full ownership of logistics specialist Tritax Management over the next four years, lifting its current 60% stake to 80% next April and then 100% in 2029. The fund management group bought its initial majority holding in Tritax in 2020 with an option to increase the position in future. It […]
Saba Capital has re-established a 5% position in Montanaro UK Smaller Companies (MTU) seven months after the £125m investment trust bought out the activist hedge fund’s then 12% holding with a purchase of 19.9m shares. Yesterday Saba disclosed it held over 6.3 voting rights in the listed fund managed by Charles Montanaro. This comes as […]
Scottish Mortgage (SMT) has invested £91m in Anthropic, the US artificial intelligence start-up whose $183bn (£137bn) valuation recently worried its former fund manager James Anderson. Anderson, who left Baillie Gifford in 2022 after 40 years with SMT’s investment group, told the Financial Times earlier this month that the “scale of jump and the pace” with which Anthropic and its main rival OpenAI […]
LondonMetric (LMP), the acquisitive logistics real estate investment trust, has bought a 9.5% stake in Schroder Real Estate (SREI), raising speculation that its chief executive Andrew Jones may be lining up a new bid. LMP has grown its market value to £4.5bn and nearly doubled its total portfolio to £7bn with a string of acquisitions […]
Shares in Janus Henderson (JHG.N) have soared 17% in New York after the fund manager said it had received a $7.2bn (£5.3bn), or $46 a share, cash bid approach from activist hedge fund Trian and venture capital firm General Catalyst. Janus Henderson, the product of a merger eight years ago between Janus Capital of the […]
Shares in RTW Biotech Opportunities (RTW), International Biotechnology (IBT) and Biotech Growth (BIOG) have jumped around 3% after Novartis of Switzerland became the latest drugs giant to ink a big deal, agreeing to pay $12bn for Avidity Bioscience. Over the weekend Avidity (RNA), a US, Nasdaq-listed rare muscles disease specialist, obtained a binding offer of […]
