2021 worked out well for BlackRock World Mining – BlackRock World Mining has published its results for the year ended 31 December 2021 and they are good. The NAV total return for the period was 20.7% and the share price return 17.5% against a return of 15.1% on its benchmark index (the MSCI ACWI Metals & […]
Foresight Forestry takes root – On 7 March 2022, Foresight Sustainable Forestry completed its seed assets transactions with the purchase of Blackmead Forestry Limited and Blackmead Forestry II Limited from Foresight Inheritance Tax Solution for a total cost of £113.4m. The fund gets 27 sites – 11 afforestation sites, 15 forestry sites and one site […]
In QuotedData’s morning briefing 8 March 2022: JPMorgan Global Emerging Markets Income (JEMI) says its exposure to Russian securities amounts to three stocks, which are now valued at 0.25% of NAV (down from 3.6% at the end of January). Crystal Amber’s (CRS) shareholder meeting to approve its new investment strategy and management agreement saw significant […]
HydrogenOne is investing £3.3m (NOK40m) in Gen2 Energy AS as part of a funding round expected to total at least NOK140m. With this purchase of a minority equity stake, HydrogenOne has the right to a board seat at Gen2, and the potential to co-invest in Gen2’s projects. Gen2 was established in 2019, with the ambition to […]
Schroder UK Public Private backs Epsilogen – Schroder UK Public Private Trust has made a £3.0m investment in a leading immunoglobulin E (“IgE”) antibodies developer, Epsilogen, as part of that company’s £30.75m Series B funding round. The funding round was led by a new investor, Novartis Venture Fund, and joined by new investors 3B Future […]
In QuotedData’s morning briefing 3 March 2022: MSCI has decided to remove Russian securities from its indices. MSCI Russia Indexes will be reclassified from Emerging Markets to Standalone Markets status. The reclassification decision will be implemented in one step across all MSCI Indexes, including standard, custom and derived indexes, at a price that is effectively […]
JPMorgan Russian loses another director – Ashley Dunster is standing down as a director of JPMorgan Russian with immediate effect. This follows close on from Tamara Sakovska’s decision to resign from the board on 24 February 2022. Ashley had been a director of the trust since November 2019. He was CIO of Capital Group’s private […]
Russia to be expelled from MSCI Emerging Index? Yesterday, after Russia blocked foreigners from selling Russian shares and exchanges around the world started to announce that they would suspend dealing in Russian shares, a thought occurred to us: did this break MSCI’s liquidity rules that govern the inclusion of stocks in their indices? We emailed […]
RIT Capital Partners says that its NAV ended 2021 at 2,794 pence, representing a total return for the year (including dividends) of 23.6%. At the same time its share price closed at 2,750 pence, providing a total return to shareholders of 35.1% – the strongest shareholder return the company has delivered over the past 20 […]
In QuotedData’s morning briefing 1 March 2022: ICG Enterprise Trust is investing about £13m in Newton Industrial Consultants. The investment is being led by ICG Europe Mid-Market Fund I. ICGT will invest as a limited partner in the fund and also through a direct investment. Newton is a market-leading and fast-growing consulting firm, with a […]
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