The Financial Conduct Authority bans former star fund manager from running retail funds or holding senior management roles in the City and imposes a £40m fine on his former business Woodford Investment Management. The £5.9m penalty for Woodford and a £40m fine for his former business Woodford Investment Management (WIM) comes six years after the […]
Scottish American (SAIN), the £866m global equity income investment trust managed by Baillie Gifford, has offered itself as an “island of sanity in the eye of the storm” after providing a positive half-year return during the market turmoil over US tariffs. The company, nick-named “Saints”, grew net asset value by 1.1% in the first six […]
Aquila European Renewables posts a 12.1% slump in net asset value a week after pausing its sale process, Hiren Dasani reunites with Ashoka founder Prashant Khemka from Goldman Sachs and Mobius says emerging markets could shine as US falters. Aquila assets plunge 12.1% in June quarter Aquila European Renewables (AERI), the winding-down company that “paused” […]
The market was waiting for bad news from Renewables Infrastructure Group (TRIG) which in an unscheduled update unveiled a 4% first half drop in net asset value (NAV) on Friday following rival Greencoat UK Wind UKW) posting a 4.4% decline last Wednesday. Still there was plenty in the trading update, which preceded the release of […]
Also, HgCapital reports flat first half with its valuation hit by volatile markets, Octopus Renewables’s net asset value dented by a writedown of its stake in a developer, Oakley Capital Investments announces £22m new investment, VH Global Energy Infrastructure switches on new asset in New South Wales and BlackRock Throgmorton and BlackRock Energy Resources Income […]
F&C fund manager says speculation about the end of American exceptionalism is wide of the mark as investment trust reports a flat first half after a comparatively tough time for both the US dollar and stockmarket. F&C (FCIT) made no headway at all in the first half of the year but the UK’s oldest investment […]
Also, Alliance Witan underperforms during a volatile first half, HydrogenOne Capital Growth changes name for its wind-down, Starwood European Real Estate Finance takes a second write-down on loans in Dublin and proxy vote adviser ISS backs Maven Renovar VCT in its fight with former fund manager. TRIG’s net asset value falls 4% Renewables Infrastructure Group […]
“Marketing is key,” declares outgoing chair John Singer after another year in which the private equity fund’s share price has not reflected the performance of its portfolio. Pantheon International (PIN) is pinning its hopes on a marketing offensive to bring investors into the £1.5bn listed private equity fund after another year in which its share […]
Chrysalis (CHRY) has jumped to a three-year high after the growth capital fund underlined the strength of its recovery with a 13.7% second quarter increase driven by a dramatic 42% hike in the value of Starling bank. Shares in the £582m investment company, which invests in companies preparing to float on the stock market, leaped […]
SDCL Efficiency Income sells a small US asset at a big premium, hoping that impresses shareholders given the wide share price discount, but investors in Abrdn European Logistics have to stomach a loss on its disposal of a portfolio in Spain. SDCL Efficiency Income Trust (SEIT) has sold its convertible loan in ON Energy to […]
