A more conventional “behind the scenes” engagement with investment company boards is reaping results for the activist hedge fund after its high-profile defeats in January, says Deutsche Numis. Analysis by Deutsche Numis shows Saba Capital is having more success in extricating itself from investment trust targets than last week’s disclosure of a position just over […]
Gore Street Energy Storage has raised $84m (£62m) from selling US investment tax credits following latest transaction at “Big Rock” in California; Supermarket Income spends £54m on a Kent Tesco store, its first acquisition with money raised from the Blue Owl funds partnership in April; plus bid news from Primary Health Properties and Downing Renewables […]
Polar Capital Technology (PCT) has rebounded strongly from a “challenging” year in which a Trump market rally turned sour and the launch of China’s DeepSeek threatened to eclipse US dominance in artificial intelligence. Despite this its fund managers say AI is the most “exciting” market they have ever seen. Annual results today showed the investment trust’s […]
Abrdn European Logistics Income sells over £57m of properties in its managed wind-down and promises a return of capital next month once further disposals are made. Plus news from Schroder European Real Estate, Custodian Property Income, Georgia Capital and a reminder from Schroders Capital Global Innovation of this month’s £37m tender offer.
Update: We’re in ping pong territory in the bid battle for Warehouse REIT (WHR) after Blackstone yesterday trumped a rival offer from Tritax Big Box for the logistics fund, prompting its board this morning to swing its recommendation back to the US alts group. Blackstone, which first approached Warehouse in March, has upped its cash […]
The Renewables Infrastructure Group (TRIG) has welcomed the government’s decision not to introduce zonal energy pricing but called on ministers to speed up “pressing” reform of a national electricity grid clogged by delays and a lack of capacity. “With zonal’s shadow lifted, policymakers must now turn their focus squarely onto grid reform to unlock infrastructure […]
Ruffer (RICA) has bolstered its defences against a summer sell-off, adding more equity put options to lock in gains should concern over US debts and President Trump’s animosity to Federal Reserve chair Jay Powell boil over. “Trump is accelerating his campaign against the Federal Reserve under chair Jay Powell and its failure – in his […]
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 […]
