Herald Investment Trust (HRI) has announced plans to launch a tender offer allowing shareholders to realise up to 100% of their shares at close to NAV. The move is aimed at resolving ongoing tensions with activist investor Saba Capital, which holds approximately 30.7% of the company. The Board says the tender offer gives shareholders a […]
Working in finance, I frequently hear the quote, widely attributed to Mark Twain, that “History doesn’t repeat itself, but it often rhymes”. With the new year fast approaching, I am getting a sense of déjà vu as, once again Saba Capital is back launching a campaign that, on the face of it, appears to be […]
Finsbury Growth & Income (FGT) has released annual results for the year to 30 September 2025, marking a centenary year overshadowed by another period of weak performance and material underperformance versus its benchmark. NAV total return was essentially flat at -0.1% (2024: +8.2%), while the share price delivered a total return of 2.3% against a […]
Oakley Capital Investments (OCI) has confirmed that it will contribute around £8m indirectly to the acquisition of Paraty Tech, following Oakley Capital Fund VI’s agreement to invest in the Spanish hotel demand-generation specialist. The commitment represents OCI’s share of Fund VI’s exposure to the transaction. Oakley says that Paraty Tech, which was founded in 2012 […]
NextEnergy Solar Fund (NESF) has published interim results for the six months to 30 September 2025, a period that combined strong operational delivery with further pressure on valuations. NAV per share fell from 95.1p to 88.8p, largely reflecting lower third-party forecasts for UK power prices and battery revenues, as well as the impact of dividends […]
Greencoat UK Wind (UKW) has issued a formal response to the UK Government’s consultation on potential changes to inflation indexation within the Renewables Obligation (RO) scheme. In its response, UKW’s manager, Schroders Greencoat, warns that the proposals risk undermining investor confidence while failing to deliver the intended benefit of lower consumer bills. It says that […]
Last week, I wrote about a novel experience – for me at least – of joining a “speed dating” session, where analysts such as myself, and journalists, met six fund managers of investment trusts run by Schroders. In that article, I shared some of the insights I’d gained on Schroders’ suite of funds focused on […]
By the time the concept of speed dating emerged, I had settled down, so the whole idea had passed me by, that was, until last week. In a format more often associated with romance than finance, a small group that included journalists, and analysts such as me, were given the opportunity to sit down with […]
Crystal Amber Fund (CRS) has reported further progress in its wind-down strategy for the year ended 30 June 2025, highlighted by a successful exit from De La Rue and regulatory approval for its key holding Morphic Medical Inc (MMI). After £9.1m of share buybacks and a £1.4m net loss, total NAV declined to £116.2m from […]
Hg, the manager of HgCapital Trust (HGT), has agreed the sale of GTreasury, which it describes as a global leader in adaptable treasury solutions for the Office of the CFO, to Ripple, the digital asset infrastructure group, in a transaction valuing GTreasury at over US$1 billion. The deal, which remains subject to customary regulatory approvals, […]
