Martin Currie Global Portfolio (MNP) has agreed with its manager that, with effect from 1 March 2025, the investment management fee will be amended to 0.40% of net asset value per annum – down from 0.45%. MNP’s chair, Christopher Metcalfe, says “The Board is confident that the new fee level will maintain a competitive ongoing […]
BlackRock American Income (BRAI) – formerly BlackRock Sustainable American Income Trust – has announced its results for the year ended 31 October 2024, during which its net asset value per share (NAV) returned 16.0% and the share price returned 13.8%, both underperforming its benchmark, the Russell 1000 Value Index, which it says returned 23.2% (all […]
Riverstone Energy (RSE) has published its annual results for the 12 months ended 31 December 2024. Both sectors of the portfolio saw drops in 2024. The conventional assets decreased in value by US$31m or 12%, and the decarbonisation portfolio decreased in value by US$50m or 44% These downturns in portfolio NAV resulted in a reduction […]
Further to its announcement on 20 December 2024 that it was proposing a managed wind down and return of cash to shareholders, Menhaden resource Efficiency (MHN) has publish a circular in relation to these proposals and is convening a general meeting on 25 March 2025, seeking approval for the trust to be placed into members’ […]
BlackRock American Income (BRAI) has published a circular this morning in which it has announced proposals for a change in investment policy and a tender offer. These proposals are being made in advance of a continuation vote that is due at its AGM this year (separately, BRAI has published its full-year results this morning). Shareholder […]
Apax Global Alpha says that it expects to invest approximately €35m in CohnReznick LLP on a look-through basis. This will be through its commitment to the Apax XI Fund which announced on 26 February that it has agreed to invest in CohnReznick, which it describes as one of the leading advisory, assurance, and tax firms […]
In QuotedData’s morning briefing 28 February 2025: JPMorgan Global Growth & Income (JGGI) has published its interim results for the six-months ended 31st December 2024. Highlights from the results include: JGGI provided an NAV total return of 2.7% and a share priced total return of 2.4% – both underperforming its benchmark, the MSCI AC World […]
CQS Natural Resources Growth and Income (CYN) has confirmed that it has received a second notice from Saba Capital Management demanding another general meeting of shareholders. Once again, shareholders will incur the cost of defending against this attack by Saba (which CYN’s board says is without merit) that was launched without any prior engagement from […]
Ruffer Investment Company (RICA) says that Duncan MacInnes, co-manager of the fund, has left its manager with immediate effect and so, as of today, Alexander Chartres – a partner at Ruffer LLP – and Ian Rees will join the current portfolio manager Jasmine Yeo as managers of RICA’s portfolio. Jasmine has been co-manager of RICA […]
Following its announcement on 20 March 2024 that Jonathan Simon, one of its large cap portfolio managers responsible for value stocks, would retire in early 2025, JPMorgan American (JAM) says that it has now been advised that Mr Simon’s retirement will be effective 3rd March 2025. Following Jonathan’s retirement, Graham Spence will join Jack Caffery […]
