DW Catalyst Fund Limited (the former BH Credit Catalysts) has reported results for the year that ended on 31 December 2014. Over the year the net asset value of the US dollar shares rose by 5.4% and the Sterling shares rose by 5.5%. DW Partners took on responsibility for the fund on 1 January 2015 […]
International Public Partnerships has mapped out its planed dividend increases for the next couple of years as it reports its final results for the year ended 31 December 2014. The full year dividend for 2014 was 6.3p, up from 6.15p in 2013. The Board says the minimum target for 2015 is 6.45p and for 2016 […]
GLI Finance (where the author is a non-executive director) has announced its results for 2014. Over the year GLI’s net asset value rose from 50p to 51p. Revenues were depressed by the sale of the fund’s CLO portfolio to Fair Oaks Income Fund in the middle of last year (Fair Oaks didn’t pay its first […]
Baillie Gifford Japan’s interim results, which cover the six months ended 28 February 2015, are pretty good. The net asset value total return was 20.5% over this period – 8.2% more than the return on the TOPIX. Stock selection was the major factor behind the outperformance. The statement highlights Baillie Giford Japan’s “active share” figure of 87%. […]
Highcroft Investments has published results for the year ended 31 December 2014. Over the year the fund’s net asset value rose by 12% to 923p. Gross property rental income rose by 13% to £3.1m, underpinning a 36p distribution to shareholders, up from 33.75p for 2013. The rental income increase was fuelled by the acquisitions they […]
The Board of BlackRock Throgmorton Trust plc has been advised by BlackRock Investment Management (UK) Limited that Ralph Cox, the lead portfolio manager for its Contracts for Difference (CFD) portfolio, has decided to take an extended career break and has resigned from BlackRock. The Board is pleased to announce that, with immediate effect, Dan Whitestone […]
BH Macro has published figures for 2014. They say the environment for their macro-trading strategies got more favourable towards the end of the year but this just offset poor performance earlier in the year and the return on net assets for 2014 as a whole turned out to be 0.26%. The Chairman’s statement says the weaker […]
TwentyFour Asset Management LLP, managers of TwentyFour Income Fund and TwentyFour Select Monthly Income, has announced that Vontobel is taking a 60% stake in it. “Vontobel will acquire a 60% shareholding in TwentyFour, with the working partners retaining a 40% stake in the business. The partners remain fully committed to TwentyFour with long-term lock-ins. The Investment Manager will […]
Aberdeen Asian Income’s results for the year that ended on 31 December 2014 show the fund generating a return on net assets of 7.6%, a bit behind the 9.5% return on the MSCI AC Asia Pacific ex Japan Index. The dividend was edged up from 7.9p to 8p and this was covered 1.03x. The fund […]
Final results for The North American Income Trust for the year that ended 31 January 2014 show the fund delivering an 18.9% return on net assets, which isn’t bad but does lag the 25.0% return on the S&P500 Index by some margin. The fund’s discount widened from 5% to 7.9% over the year and so […]
