Seneca Global Income & Growth lagged its current benchmark a little over the six months that ended 31 October 2014, producing a return on net assets of 0.6% and a return to shareholders of 1.1% vs. a 1.8% return on 3-month LIBOR plus 3.0 per cent. However, the Board has already said that it isn’t […]
Oakley Capital has announced the sale of intergenia GmbH for an enterprise value of €210m. The deal crystallises a 2.5x gain, a 36% IRR, for the Oakley funds that backed the original deal, including Oakley Capital Investments Limited. The fund’s share of the proceeds is €21m. They say intergenia is headquartered in Cologne and is a […]
Polo Resources has just got round to publishing its results for the year that ended on 30 June. In what is actually quite a comprehensive report on the current state of the business, the NAV per shares at the end of June isn’t mentioned (total equity net of all liabilities was $143.6m at the end […]
Artemis Alpha Trust has reported results for the six months ended 31 October 2014. this was a difficult period for UK Smaller Companies with the FTSE Small Cap Index falling by 6% and the FTSE AIM All-Share Index falling by 11.9%. The FTSE All-Share Index fell by 1.6%. Artemis Alpha managed to increase its net […]
CQS Diversified has announced its results for the year ended 30 September 2014. the net asset value of the Sterling class of shares rose by 2.1% over that period and they paid dividends of 1p per quarter. The US dollar class was wound up in September after it failed its continuation vote. Now the Board […]
Polar Capital Global Healthcare results for the year that ended on 30 September 2014 have been released. Over the year the fund underperformed its benchmark by 5.1%, generating a return on net assets of 19.7% vs. 24.8% for the MSCI ACWI/Healthcare Index. The shares moved from a premium of 1.8% to discount of 5.4% so […]
The year to the end of October 2014 was a difficult one for shareholders in Dunedin Smaller Companies. It underperformed its benchmark a little – generating a return on net assets of -3.6% against the FTSE Small Cap.’s -2.4% but notably its discount widened from 4.4% to 16.9% resulting in a return to shareholders of -16.2%. On […]
Over the half year to the end of October 2014 F&C Global Smaller Companies delivered a return on net assets of 4.4% and a return to shareholders of 4.9%. The Company’s Benchmark is a blended index of the returns from the MSCI All Country World ex UK Small Cap Index (70%) and Numis UK Smaller […]
Hg Capital is buying A-Plan insurance from Equistone Partners. The trust is contributing £14.9m of its money to the deal. A-Plan Insurance was founded in 1963 and is based in Oxfordshire. It provides products from a wide range of insurers, including SME commercial, motor and home, and high net worth insurance. A-Plan currently operates 73 branches […]
JP Morgan Indian Investment Trust results for the year ended 30 September 2014 have been published. It was a great year for the trust as it delivered a return on net assets of 38.9% and a return to shareholders of 44.4%, both ahead of the 37.5% return on the MSCI India Index. The manager’s report […]
