WKP : Workspace sells part of Poplar Business Park to Telford Homes Workspace Group is selling the first phase of the redevelopment of its Poplar Business Park project (800m from Canary Wharf) to Telford Homes. Telford will build 170 apartments and 8,000 sq ft of light industrial space. Workspace is getting £16.3m in February 2015, […]
PAX : Pacific Alliance Asia Opportunity ups convertible bond exposure Pacific Alliance Asia Opportunity has published its interim accounts covering the six months to the end of June 2014. The net asset value rose by 4.8% over the period as the underlying Master fund rose in value by 5.1%. The announcement says that the Master […]
SQN : SQN Asset Finance lends against Snoozebox SQN Asset Finance announced in the middle of the month that its Board had approved £95m of investments and funded £15.9m of this. The Board said this was in-line with the progress they’d anticipated when the fund listed in July 2014. Today they have announced that they have […]
ESP : Empiric Student Property adds to Southampton exposure Empiric Student Property has announced that it is paying £3.5m for a student accommodation property in Southampton. The property is on London Road in in central Southampton, close to Southampton Solent University and between the city centre and the University of Southampton and has 46 beds arranged […]
CYN : City Natural Resources High Yield up but underperforming City Natural Resources High Yield results for the year that ended on 30 June 2014 show a total return of 1.4% and a return to shareholders of 2.2% but the benchmark returned 6.1%. The dividend for the year was 5.6p, a 1.8% increase over the […]
JMO : Stock selection boosts JPMorgan Overseas JPMorgan Overseas results for the year that ended on 30 June 2014 show the fund outperforming its benchmark by some margin – the net asset value total return for the year was 13.7%, the return on the MSCI All Country World Index was 9.1% and the return to shareholders […]
BABS, BABE, BABU, BBTS : Bluecrest spinning out systematic trading business Blucrest, managers of the Bluecrest BlueTrend and Bluecrest AllBlue funds, have announced that the systematic trading operations of the company are to be spun out into a separate vehicle, Systematica. The firm will launch in January 2015, and will initially have offices in Jersey, […]
RICA : Ruffer – dull performance precludes a crash? Ruffer Investment Company has published its annual accounts for the year ended 30 June 2014. Over the period its net asset value fell from £2.139 to £2.065, which after dividends translated into a negative total return of 2.6%. The share price fell by 6.5% over the period. […]
WKP : Workspace sells off ten industrial estates Workspace Group is selling off ten industrial estates, encompassing a total of 281,500 sq ft, for £44.3m The properties are being bought by Capital Industrial One BV. The price is a 35% premium to the value of the estates at the end of March 2014. The estates […]
GSS : Genesis Emerging Markets sells expensive Chinese internet stocks Genesis Emerging Markets has published its results for the year ended 30 June 2014. Over the period its net asset value rose from £5.61 to £5.78 – Sterling strength had an adverse impact on returns to UK investors. The 3% rise in the NAV came […]
