More consolidation in the Japan trust sector, strong annual results from Baillie Gifford US Growth and a “transformational” £100m UK acquisition for Sirius Real Estate. Plus updates from Derwent London, Baker Steel Resources, Partners Group Private Equity and a 1pm deadline for acceptances in the bid battle for Assura. The £231m Fidelity Japan Trust (FJV) […]
International Public Partnerships (INPP), the £2.3bn infrastructure fund that surprised investors with a £250m investment in Sizewell C nuclear power plant project last month, has sold down part of its 10% stake in Angel Trains. The investment company has agreed to sell 1.6% of the rolling stock leasing company to London-based Arjun Infrastructure Partners for […]
Allianz Technology Trust’s focus on “emerging” technology leaders paid off in the first half as tech titans Apple and Amazon struggled against the turmoil of US tariff policy. A breakdown in the dominance of “Magnificent Seven” stocks helped Allianz Technology Trust (ATT) beat its benchmark in the first half of the year, holding out the […]
Half-year results from Allianz Technology, Ruffer Investment Company trims equities, Assura rebuffs KKR and continues to back the offer from Primary Health Properties, plus updates from CVC Income & Growth, Develop North, LMS Capital, Menhaden Resource Efficiency and JPMorgan Emerging Europe. Allianz Technology Trust (ATT) made a 2.9% investment return in the first half of […]
Private equity, technology, biotech and emerging markets trusts rallied in July, but several funds in wind-down wobbled. Our monthly roundup of the biggest investment company risers and fallers highlights one UK real estate trust offering a cash-covered 9% dividend yield on an attractive discount. Private equity, tech and EM funds rally Welcome to our new-look […]
Private equity group KKR fights back in bid battle for GP surgeries landlord Assura, Third Point investors group demands independent vote on the controversial merger with Malibu reinsurance company, plus news and updates from Gresham House and Gore Street battery funds, Renewables Infrastructure Group, Impax Environmental Markets, Patria Private Equity, Irish Residential REIT and JPMorgan […]
Half-year results from RIT Capital Partners (RCP) and Rights and Issues (RIII) and updates from other investment companies including Gore Street Energy Storage, VH Global Energy Infrastructure, Foresight Solar and Syncona. Private equity props up RIT’s half year RIT Capital Partners (RCP) battled against the weak dollar to deliver a 3.4% investment return in the six […]
Three months after activist Saba Capital appeared with a 5.7% stake, the £445m infrastructure investor announces a package of shareholder-friendly measures. Utilico Emerging Markets (UEM), the £445m infrastructure and utilities investor in which activist Saba Capital recently emerged with a stake, is to bring forward its continuation vote as part of a new five-year performance-related […]
Board puts £164m mid-cap healthcare fund in play as a possible merger candidate after a difficult half-year adds to its performance woes. Bellevue Healthcare Trust (BBH) has announced a strategic review of its future options after posting another half-year of underperformance. In the six months to 31 May, net asset value (NAV) of the mid-cap […]
Update: Smithson, the £1.7bn global smaller companies trust, has begun to claw back some of the losses of the last four years, with fund manager Simon Barnard lifting the US to more than half of the portfolio. Smithson (SSON) has bought back over a third of its shares in the past three years as the […]
