Terra Capital has published interim figures covering the first half of 2014. Over that period the net asset value rose to $1.01 from $0.96 and the company also paid out a dividend – the total return on the net asset value was 8.6%. The Chairman says the fund is now 73% invested. New investments made […]
Aurora Investment Trust has announced that James Barstow, manager of the fund, is considering retiring within three years. The fund, which just passed its continuation vote, will now be managed with this in mind. The Board say that from July next year the only new investments that will be permitted are FTSE100 stocks. They are […]
Scottish Investment Trust has announced that John Kennedy, manager of the fund for the last 10 years and an employee for 21 years, has left the Company on 18 July 2014 (although he will stay on as a consultant for a short period to mange the handover to his successor). The Board thanked him for contribution over this […]
JPMorgan European Smaller Companies, chaired by Carolan Dobson (pictured), is changing its fee arrangements. The old arrangement (1.3% of the company’s market capitalisation) will be replaced with a fee of 1% on net assets. The change will take effect on 1 April 2015.
Highcroft Investments has bought a freehold warehouse investment in Ash Vale, Aldershot. The 24,853 sq ft warehouse was built 2001. It sits on a 1.5 acre site (covering about 35% of it). The property is let in its entirety to Buildspan Limited, a wholly-owned subsidiary of Sheffield Insulation Group (SIG). The lease runs until 2027. The current rent is £225,000 a year […]
Schroder Real Estate Investment Trust has published its results for the year that ended 31 March 2014. Over the year the net asset value total return was 14.4%. The capital value of the underlying properties appreciated by 6.3% and, including income, the property portfolio generated a return of 13.7% – ahead of the IPD benchmark […]
Keystone, managed by Mark Barnett (pictured), has announced that the management fee on the fund will fall from 0.8% of market capitalisation to 0.6%. This change is effective from July 1 2014. At the same time Keystone is changing the structure of its performance fee in a way that will make it slightly easier to earn […]
Over the year to 31 March 2014 BACIT generated a return on net assets of 3.63% and a share price return of 9.62%. During this period the FTSE All-Share Index return was 8.81% and the return on the Hedge Fund Research Institute Fund of Funds Strategic Index was negative 2.53% (in sterling terms). They say […]
Empiric Student Property has entered into a 50:50 joint venture with Revcap advisors to acquire a project that is building a 158 bed student accommodation project in Southampton. The building, Brunswick House on Brunswick Place, Southampton, is a former commercial property. The joint venture is paying £3.575m for the building which will be redeveloped and is […]
Independent Investment Trust, managed by Max Ward (pictured), delivered a total return on its net asset value of 5.2% over the six months ended 31 May 2014 compared to returns of 4.8% for the FTSE All-Share Index and 4.0% for the FTSE World Index. The discount widened from 6.5% to 8.6%. The dividend is unchanged at […]
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