Over the year to the end of December 2015 Baker Steel Resources net asset value fell by 27.6% – somewhat more than comparative indices such as the Euromoney Global Mining 100 Index which fell by 15.4% and the FTSE Gold Mines Index which fell by 9.8% over the same period. The statement says that some of […]
Over 2014 Pacific Alliance Asia Opportunity’s net asset value rose by 9% to $1,729 per share. The share price did much better however, increasing by 21.8% to $1.59. The underlying master fund in which the company invests generated a return of 9.5% for the year. The portfolio is invested in a number of strategies – […]
Third Point Investors has announced results for the year ended 31 December 2014. Over the year the NAV total return was 6.5% for the US dollar share class and 6.8% for the Sterling share class (all of the Euro class was merged in with the dollar class during the year). Most of that return was […]
BlueCrest All Blue generated a 6.9% return on net assets over the course of 2014 to make a 100% return since the launch of the fund in 2006. They added one new fund to the mix during the year, BlueCrest Equity Strategies Fund, which the directors say is managed close to market neutral and appears […]
Ted Pulling, manager of JPMorgan Asia for the last three years, is moving back to the US from Hong Kong and relinquishing responsibility for the management of the fund. The Board says, to ensure an orderly transition of his responsibilities, Mr Pulling will remain in Hong Kong until the end of 2015, continuing to manage […]
HICL is paying £16.2m to acquire additional 40% interests in both phase 1 and phase 2 of the Salford & Wigan BSF (Building Schools for the Future) projects. This takes HICL’s stake in both projects up to 80%. S&W Phase 1 and S&W Phase 2 are 26-year and 27-year PFI concessions, respectively, to design, build, […]
Blue Capital Global Reinsurance has announced results for 2014. The NAV total return for the year was 8.8%. The dividend for the year was 6.5 US cents. They raised $15.3m of additional capital during the period. Losses for the period were, they say, relatively small – amounting to about 1.6% off the return for the […]
International Biotechnology’s results for the six months ended 28 February 2015 are out and they show that the fund had a fantastic time with the net asset value rising by 44.5%. The share price was up 57.4% over this period as they bought back 23% of the company to cut the discount from 21.5% to […]
Merchants Trust has published results for the year ended 31 January 2015. Over that period the fund delivered a return on net assets of 4.7% which is about 2% behind the return generated by the FTSE100 Index over the same period. They say that most of this underperformance relates to changes in the market value […]
British Land is paying £210m to buy 1 Sheldon Square, extending its investments in the offices springing up around Paddington Station. They say the deal brings their total investment at Paddington Central to 800,000 sq ft with a further 146,000 sq ft currently under construction at 4 Kingdom Street and 210,000 sq ft of consented […]
