TR European Growth beat its benchmark by more than 5% over the year to the end of June 2015, returning 5.3% on net assets against a -0.4% return on the Euromoney Smaller Companies Index (ex UK). Shareholders got the benefit of a narrowing of the discount from 12% to 7.6% as well – meaning that […]
Investment Weeks asks – Is now the time to increase exposure to emerging markets? http://www.investmentweek.co.uk/investment-week/feature/2427487/is-now-the-time-for-investors-to-increase-exposure-to-emerging-markets-part-I
China Nonferrous Gold expects to begin trial processing through the plant at its 100%-owned Pakrut gold project, in the Republic of Tajikistan, in October. In its latest interim results, the company reports that the plant is more than 95% complete and with 90 kt of mined ore on the stockpile the company will begin processing […]
Genesis Emerging Markets underperformed its benchmark over the year to the end of June 2015 – the return on net assets was -1.1% while the return on the MSCI Emerging Markets Index was +3.5%. Unfortunately for shareholders the discount widened as well, from 6.1% to 11.8% and this translated into a -7.2% return to shareholders, […]
HarbourVest Global Private Equity has announced the successful renewal of its multi-currency credit facility with Lloyds Bank plc. HVPE has refinanced the facility, which will increase from $300 million to $500 million with immediate effect. The increased commitment has been provided by a new lender, Credit Suisse AG, which has committed $200 million alongside the existing […]
Hammerson plc, together with its joint venture partner, Allianz Real Estate, has signed an agreement with Ireland’s National Asset Management Agency (“NAMA”) to acquire the Project Jewel portfolio of loans secured against market-leading retail assets in Dublin, Ireland, including Dundrum Town Centre, Ireland’s pre-eminent shopping and leisure destination. The loan acquisition is being made through […]
F&C UK Real Estate reports that its net asset value total return for the year was 22.7% and its shares moved to trade at a 2.6% premium, improving the return to shareholders to 24.9%. four quarterly dividends of 1.25p, totalling 5p are payable for the year and the Board say it is the intention of the Group to continue to pay […]
Better Capital PCC Limited has announced that the General Partner of BECAP Fund LP has sold the entire issued share capital of Fairline Boats Limited to a newly formed special purpose acquisition vehicle affiliated with the Wessex Bristol group of companies for a modest deferred consideration. Fairline was valued at £13.5m at the last 2009 Fund valuation as at […]
Over the year to the end of June 2015, JPMorgan Emerging Markets shrugged off struggling emerging markets to deliver a 7.4% return on net assets and a return to shareholders of 6.6% as compared to a 3.2% return on the MSCI Emerging Markets Index. Austin Forey, the fund’s manager, says his ideal investment is one […]
The performance of utilities companies across the world has been difficult so far this year, following strong performance in 2014. A relatively benign interest rate outlook, coupled with modest growth, saw the US provide much of the gains last year, but this year investors have become increasingly wary of the potential for interest rate rises […]
