Schroders Capital Global Innovation (INOV), the former Woodford Patient Capital Trust in wind-down, has more than doubled its money on a US data security firm sold for $1.725bn (£1.3bn) last week. The sale of unlisted portfolio company Securiti AI, based in San Jose, California, to Veeam Software, another private company in Seattle, Washington, values the […]
UIL (UTL), the £199m flexible listed sister fund and founder of Utilico Emerging Markets (UEM), has proposed selling its £99.5m stake in Somers, its other investment platform, that represented 40.1% of its portfolio at 30 June. Some shares will be sold to General Provincial Life Pension Fund of Malaysia, which already owns 78.9% of Somers, […]
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 […]
