Simon Edelsten, 61, lead manager of Mid Wynd will retire as a partner of Artemis Investment Management LLP at the end of 2023. Co-manager Alex Illingworth is also leaving the business. Simon will be replaced as lead manager by Alex Stanic who will join Artemis as its head of global equities on 1 March 2023. […]
Greencoat UK Wind has announced results for the year to 31 December 2022. Despite lower than budgeted wind speeds, which alongside the project-specific issues highlighted below, meant that the portfolio generated 5% less power than forecast, it did produce 4,362GWh of sustainable electricity and generated £560.1m of cash. Notable issues affecting portfolio availability were: a […]
Harmony Energy Income has published its first full set of accounts. These cover the period from its incorporation on 1 October 2021, through its IPO on 9 November 2021 and run up to 31 October 2022. The fund raised £210m at launch and by the end of October 2022 these assets had grown to £257.8m […]
In QuotedData’s morning briefing 23 February 2023: Six months into its accounting year (which ends on 30 June 2023), Gulf Investments (GIF) had given up some ground with an NAV return of -1.8%. However, that compares well with a return of -7.1% on its benchmark. Unfortunately, the discount widened leaving investors with a return of […]
Gore Street Energy Storage Fund (GSF) has announced that it will acquire Big Rock, a 200 MW / 400 MWh energy storage project located in California, United States from Avantus. The project is part of a grid network that supplies electricity to 80% of California and a small part of Nevada. GSF’s investment manager estimates […]
Augmentum Fintech says that NatWest Group has agreed to acquire a majority shareholding in Cushon, one of Augmentum’s holdings. The deal will need regulatory approval. This transaction would represent Augmentum’s fifth successful portfolio investment exit, all of which have been at or above the last reported holding value. Augmentum first invested in workplace savings and […]
SV Health (manager and AIFM for International Biotechnology) has informed the trust that it wishes to focus on its core healthcare venture business – quitting the job of managing the fund. Ailsa Craig and Marek Poszepczynski, the current lead managers, want to stay on in the role. The board has agreed that they will continue […]
abrdn Smaller Companies Income Trust says that, while it continues to deliver upon its investment objective (providing a high and growing dividend and capital growth from a portfolio invested principally in UK smaller companies and UK fixed income securities) its shares have continued to trade at a material discount to their net asset value for […]
In QuotedData’s morning briefing 13 February 2023: Aquila Energy Efficiency (AEET) is holding a continuation vote on 28 February. A meeting has been convened for that date. [The continuation vote was brought forward from 2025. The shares are trading on a 32% discount (this has been widening again in recent weeks) and the trust is […]
Third Point Investors has published an investor letter for the finanl quarter of 2022. Third Point LLC returned 1.2% in the flagship Offshore Fund during the fourth quarter of 2022, compared with the S&P 500 Index return of 9.9% and the MSCI World Index return of 7.5% in the same period. It says: Results for […]
