In QuotedData’s morning briefing 16 May 2024: Polar Capital Global Healthcare (PCGH) says that at end March 2024, its six-month NAV returns were seven percentage points better than its benchmark’s (16.55% versus 9.56% for MSCI ACWI/Healthcare Index). The manager says that this was driven by strong stock selection across the entire market capitalisation range and […]
In a surprise move, the board of The North American Income Trust says that it has agreed heads of terms to appoint Janus Henderson Fund Management UK Limited as its new AIFM and investment manager. This follows an extensive review of its existing management arrangements and engagement with a number of management groups. The board […]
ICG Longbow Senior Secured Property Debt has announced results for the 12 months ended 31 January 2024. The company is in the process of a managed wind down. During the year, the company returned £15.7m to shareholders, equating to 12.9p per share. This makes 44.9p or £54.46m since the wind down began. The company is […]
In QuotedData’s morning briefing 9 May 2024: Concord Bidco, the bidding vehicle for the Alchemy/Concord Chorus bid for Hipgnosis (SONG), says that its offer of $1.25 per Hipgnosis share is final and will not be increased. [QD comment: as we suspected, Concord was unable/unwilling to better Blackstone’s $1.30 bid, which at the current exchange rate […]
Lord Forsyth of Drumlean, chair of the Financial Services Regulation Committee, has written to Nikhil Rathi, chief executive of the Financial Conduct Authority (FCA), pushing for a resolution to the cost disclosure issue that has been plaguing the investment companies sector. This is a very welcome intervention, we think, and hopefully it will add to […]
Digital9 Infrastructure has published results for 2023. It published an NAV as at 31 December 2023 on 28 March of £728m or 84p per share. At that time, the board had obtained an independent valuation of Aqua Comms, Elio Networks, Arqiva Group and the potential earn-out payment of up to US $135m from the sale […]
Marwyn Value Investors has published results for the year ended 31 December 2023. The NAV total return on the ordinary shares for the year was 5.1%, for the 2016 realisation shares it was 5.0% and for the 2021 realisation shares it was 4.2%. Those figures compare to a return on the Small Cap Index of […]
In QuotedData’s morning briefing 30 April 2024: Gulf Investment Fund (GIF) says that the 1,157,160 shares that were tendered last month were valued at $2.5088 each or $2,903,083. Those investors that sold will get paid around 15 May 2024. Now that the sale of abrdn’s European private equity business to Patria Investments is complete, abrdn […]
[Apologies that we didn’t spot this earlier but it was buried in the company’s AGM announcement] After talking to the manager (Riverstone Investment Group LLC), its sub-manager, Breakwall Capital LLC, its advisers and certain significant shareholders, Riverstone Credit Opportunities’ board has determined that a managed wind-down of the portfolio at this time is in the […]
NB Private Equity Partners says that over 2023 its NAV total return in dollars was 2.3%. A narrowing discount meant that the share price return was better (9.4% in sterling terms). However, over the first quarter of 2024 the NAV return was -1.4%, driven by declines in quoted holdings and foreign exchange headwinds. Dividends for […]
