Witan has announced that it has appointed WCM Investment Management (WCM) and Jennison Associates (Jennison) to manage global growth portfolios. The portfolio transition took effect during the latter part of August. WCM has been allocated $200m to manage (8% of Witan’s assets), while Jennison has been allocated $100m to manage (4% of Witan’s assets). Witan […]
In QuotedData’s morning briefing 4 September 2020: Weiss Korea Opportunity (WKOF) has announced interim results for the half-year ended 30 June 2020. During the period, WKOF provided an NAV total return of 11.3%, outperforming its reference index, the MSCI Korea 25/50 Net Total Return Index, which decreased 1.7% (all figures in sterling total return terms). Capital […]
M&G Investment Management Limited (MAGIM) has announced “a revised and final possible all-cash offer” (its final proposal) for UK Mortgages Limited (UKML) of 70p per ordinary UKML share. MAGIM is making the offer on behalf of one of its managed funds, M&G Specialty Finance Fund. MAGIM says that the UKML board refuses to engage with […]
Hipgnosis Songs Fund has announced that it has acquired the music royalty catalogue of American hip hop and R&B music producer, Ernest ‘Dion’ Wilson, known as ‘No I.D.’, who is considered to be the Godfather of Chicago hip hop. Hipgnosis has acquired 100% of No I.D.’s worldwide copyrights and publishing royalties, including the writer’s share of income, in a […]
In QuotedData’s morning briefing 13 August 2020: Riverstone Credit Opportunities Income (RCOI) has announced its interim results for the six months ended 30 June 2020. During the period, its NAV per share has fallen by 1.0% to US$1.004 (31 December 2019: US$1.014), although the company made a profit of US$2.46 million. RCOI has announced the […]
As part of its follow up to its strategic update announced on 22 July 2020, UK Mortgages Limited (UKML) has announced a review of future strategy. At the same time, it has reiterated its position that the possible offer from M&G Investment Management (MAGIM) materially undervalues the Company and its prospects. As such, UKML’s board […]
VinaCapital Vietnam Opportunity Fund has announced that it has made a private equity investment in Thu Cuc International General Hospital (TCI). VinaCapital led a consortium to invest USD26.7m to obtain a significant minority stake along with a board seat in the well-known health care provider, which is currently undertaking a significant expansion. Thu Cuc International […]
Starwood European Real Estate Finance (SWEF) has announced that it has appointed Jefferies International Limited to administer its share buyback programme. Details are as follows: As SWEF’s agent, Jeffries is permitted to buy back shares in the market independently of, and without influence by SWEF. This is provided that the maximum price payable for a […]
In QuotedData’s morning briefing 10 August 2020: European Assets Trust (EAT) has published its interim results for the six months ended 30 June 2020. During the period EAT provided an NAV total return of -3.5%, which it says is in line with that of its benchmark, the EMIX Smaller European Companies (ex UK) Index, which […]
Syncona has provided an update on the initial public offering (IPO) of its company, Freeline Therapeutics Holdings Plc. Freeline is a clinical-stage biotechnology company focused on AAV-based gene therapy targeting the liver. The key takeaways from the announcement are as follows: Freeline has announced the pricing of its IPO in the United States. This is […]
