Jupiter US Smaller Companies underperformed its benchmark over the year to the end of June 2015 – generating an uplift in net assets of 5.5% against a 14.3% return on the Russell 2000 Index. The main reasons were the absence of biotechnology stocks in the portfolio and falls in the values of the fund’s investments in […]
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 […]
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 […]
This week I thought I would write something on BlackRock Latin American Trust. China might have attracted all the headlines recently but the knock-on effect of its slowdown on Latin America has been dramatic. Regional markets have been awful, and the situation has persisted for some time now. http://citywire.co.uk/money/lat-am-trusts-my-worst-call-yet-but-im-not-quitting/a842523
By investing in ‘convertibles’ – bonds that can convert into shares – JPMorgan Global Convertibles Income offers a strong yield. But why the secrecy over its investments? http://citywire.co.uk/money/the-convertibles-investment-trust-shrouded-in-secrecy/a842531
