Worldwide Healthcare Trust shareholders express concerns about the independence of the board, RTW Biotech Opportunities sees a portfolio company bid for by Merck, Invesco Global Equity Income announces 7.8% dividend increase and SDCL Efficiency Income takes step to cutting debts and returning capital.
SpaceX is looking to achieve its second big valuation increase in a year in a further round of fund raising and share sales that could be good news for Baillie Gifford trusts, including Scottish Mortgage and Edinburgh Worldwide which both hold the company as their largest holdings. According to a Bloomberg report this week, SpaceX […]
Saba Capital’s position in Herald investment trust has exceeded 30%, raising the prospect of the activist hedge fund having to make a bid for the £1.2bn global technology fund run by Katie Potts at Herald Investment Management. The disclosure by Saba Capital yesterday evening that it held just over 30% of voting rights in Herald […]
HgCapital Trust (HGT), a £2.3bn private equity fund focused on business technology, has taken a stake in US cybersecurity vetting firm A-LIGN. HGT is putting £48m into the Florida-based company, which provides security audits to 5,700 firms, an area of growing demand as businesses face increasing threats from AI-powered hackers. The investment company is co-investing […]
This morning sees positive updates from two real estate investment trusts: British Land and LondonMetric.
India Capital Growth, the best performer in its sector over three and five years, is giving shareholders the chance to sell their shares on a narrow discount. India Capital Growth (IGC) has announced that at its third two-yearly redemption point on 28 November shareholders will be able to sell all their shares at 3% below […]
Student accommodation provider Unite reiterates its annual earnings target despite a slowdown in bookings, Schroder British Opportunities invests in insurance broker JMG and Cuban property fund Ceiba pays money owed to Aberdeen, its former asset manager, and holders of its convertible bonds.
Investment company M&A and corporate activity hit a new high in the first half of the year with 17 mergers, acquisitions and liquidations, says Association of Investment Companies. The winds of change are clearly blowing hard in the UK investment companies’ sector but what is the correct meteorological term to describe the rapid pace of […]
Vietnam can get back to concentrating on the strong fundamentals of its economy, say fund managers Dragon Capital and VinaCapital, after Hanoi and Washington agreed a draft trade deal last week. Hanoi’s draft trade deal with the US last week has reassured leading investors in Vietnam that the impact of tariffs will be less than […]
After a disappointing year, Oryx International fund manager and small company activist pins hope on UK revival continuing in response to Trump turmoil. Oryx International Group (OIG), the £169m global smaller companies trust run by activist Chris Mills, has reported a “disappointing” 2.4% drop in assets for the year to 31 March but is encouraged […]
