Blackstone, the US alternative assets group that won the bid battle for Warehouse REIT (WHR) in August, has struck a deal to take an 8.7% stake in rival bidder Tritax Big Box (BBOX). Confirming a Sky News report at the weekend, Tritax Big Box said it was buying a £1bn logistics portfolio from Blackstone in […]
Busy Blackstone has not only tied up a £1bn deal to invest in Tritax Big Box, it is also considering a cash offer for UK self-storage group Big Yellow, sending its shares sharply higher; RIT Capital Partners sees stake held by Rothschild family foundation rise; and Vietnam Holding is to redeem 17.9% of its shares […]
Manchester & London (MNL) fund manager Mark Sheppard has responded positively to a suggestion from QuotedData’s James Carthew that taking over another investment trust might be the solution for its problematic small free float. Sheppard and his company M&L Capital Management own 62% of the £331m closed-end fund which he has wholly committed to investments […]
Ashoka India Equity (AIE) is to pay its first dividend since launch seven years ago after shielding investors from the turmoil of US President Trump’s chaotic tariffs policy. Annual results yesterday showed the £470m investment trust emerged essentially unscathed from the turbulence caused by Trump eventually slapping a 25% tariff on India’s imports along with […]
Saba Capital has increased its position in Smithson (SSON) to 15% from the 14.1% the activist hedge fund revealed a month ago. It now holds over 16.4m voting rights in Terry Smith’s £1.7bn global smaller companies investment trust on a 9% discount. International Biotechnology Trust (IBT) and RTW Biotech Opportunities have benefited from another acquisition […]
Maven Renovar VCT (MRV), the former Amati AIM venture capital trust, has said it will not fund raise in the current financial year following shareholders’ failure to approve a change in the investment policy for Maven Capital Partners which it controversially appointed in May. In a revolt at the VCT’s decision to sack smaller companies […]
Saba Capital’s holding in Herald (HRI) has strayed further above the 30% threshold it passed in July. The activist hedge fund now owns just over 31% of Katie Potts’ £1.2bn global technology trust resulting from its unsuccessful attempt to oust the board at the start of the year. The increase from just over 30% is […]
Activist hedge fund Saba Capital has intensified pressure on Gore Street Energy Storage (GSF) by taking a 5% stake in the international battery fund. Shares in the £293m investment company rose 1.7% to 59p on Wednesday afternoon, slightly narrowing their wide 44% discount to asset value, after Saba disclosed a holding of over 25.3m voting […]
Partners Group Private Equity (PEY) is to launch its first share buyback programme in over 11 years this month in response to its chronic 22% share price discount. Following the sales in July of PCI Pharma Services, its largest investment, and Techem, its seventh largest investment, the £740m investment company says distributions this year will […]
Infrastructure Capital, a New York boutique, has bypassed the buoyant market in London-listed debt funds to launch the first actively managed Dublin-based exchange traded fund (ETF) investing in US preferred shares. The Infrastructure Capital Preferred Income Ucits ETF has been listed by ETF provider HANetf on the London Stock Exchange under the PFFI ticker as […]
