SQN Asset Finance anaerobic digestion problems – SQN Asset Finance Income Fund has invested in a total of 15 Anaerobic Digestion (“AD”) plants since its launch. Four have subsequently been exited profitably and 11 remain in the ordinary share portfolio. On 30 September 2019, the company said six plants were taking longer than anticipated to ramp […]
Hipgnosis buys catalogue from Ammar Malik – Hipgnosis Songs Fund has acquired a music catalogue from Ammar Malik. Ammar co-wrote songs such as Maroon 5’s 2011 hit ‘Moves Like Jagger‘, featuring Christina Aguilera, which was Number 1 in 18 Countries including the US and has been certified 9x platinum in the US and 3x platinum in […]
GCP Infrastructure NAV slips on power price fall – GCP Infrastructure says that its NAV fell by 2.08p or 1.86% over the final quarter of 2019. The valuation agent, Mazars LLP carries out a fair market valuation of GCP’s investments on a quarterly basis. NAVs are based on a discounted cash flow methodology (estimating future cash flows […]
In QuotedData’s other news 15 January 2020 Standard Life Private Equity said that Peter McKellar, global head of private markets at Aberdeen Standard Investments, the investment manager, bought £500,000 worth of shares in the company – a massive vote of confidence we think, and taking advantage of the discount that the shares trade on. Chenavari Toro […]
Jupiter Emerging and Frontier celebrates good year – Jupiter Emerging and Frontier Markets has published results for the year ended 30 September 2019. The share price and NAV total returns were +4.0% and +10.5%, respectively. This compares with a total return of +3.7% for the benchmark, the MSCI Emerging Markets Index. The dividend was increased […]
In QuotedData’s other news 10 January 2020 Ground Rents Income Fund has refinanced its debt, reducing its overall interest cost from 3.37% to 2.76%, increasing the loan to value covenant on its debt from 40% to 45% (giving it more headroom to borrow if it chooses – the current loan to value ratio is 24%) and […]
Standard Life Private Equity gets new lead manager – the board of directors has agreed with the manager to some changes in the investment team looking after this trust. Alan Gauld will become the lead manager with immediate effect. Alan has been part of the team responsible for the company since 2017. He has been a […]
Emile Haynie catalogue latest for Hipgnosis – Another day, another catalogue acquisition by Hipgnosis Songs Fund. Today it is the turn of Emile Haynie, “an award-winning American producer who has collaborated on some of the most iconic hip hop and pop albums of all time“. In 2009 and 2010, Emile Hayne collaborated as an executive producer […]
Stephen Anness takes on Perpetual Global Equity – Invesco Perpetual Select Trust says that Stephen Anness has taken on the responsibility as lead manager for its Global Equity Income portfolio. Based in Henley, Stephen joined Invesco in 2002 to work in the UK equities team and moved on to manage global equity portfolios in 2012. Stephen now […]
In QuotedData’s other news 20 December 2019 Polar Capital Global Healthcare reported a -1.2% total return on NAV for the year ended 30 September 2019, behind the MSCI ACWI Health Care Index which returned 3.1%. The return to shareholders was -1.3%. The dividend has been upped to 2.1p from 2p. The biggest drags on performance were healthcare […]
