TwentyFour Income Fund (TFIF) has published its final results for the year ended 31 March 2024, during which it provided an NAV total return of 18.10%, which is a marked turnaround from the 3.74% loss reported for the prior year. TFIF says that European ABS has performed strongly across the board, supported by stronger than […]
Gulf Investment Fund (GIF) has published its second quarterly report for the year (for the 3 months to 30th June 2024). GIF’s NAV fell 3.6% during the quarter, outperforming its benchmark – the S&P GCC Index – which was down 3.9%. Positive performance came from Qatar Navigation (up 8.9%), The Mediterranean and Gulf Insurance Reinsurance […]
Apax Global Alpha (AGA) has announced that The Apax IX Fund, in which AGA is a limited partner, has sold its remaining shares in Genius Sports Limited, which it describes as a leading provider of sports data, content, and technology powering the global sports, betting, and media ecosystem. AGA says that, including prior distributions, this […]
In QuotedData’s morning briefing 11 July 2024: Brett Miller has joined the board of Ecofin US Renewables (RNEW) as a non-executive director of the company with immediate effect. Brett, who has wide-ranging investment trust experience, particularly in the restructuring and managed run-off of a number of listed closed end funds across a range of asset […]
On 18 June 2024, the board of Downing Strategic Micro-Cap (DSM) announced that it had received a request to requisition a general meeting from Vidacos Nominees Limited, acting as nominee of Milkwood Capital Limited (Milkwood) – click here to see our coverage. As it said at that time, DSM’s board considers that Milkwood’s decision to […]
In QuotedData’s morning briefing 8 July 2024: Hg, the manager of HgCapital Trust (HGT) has agreed the sale of its remaining investment in TeamSystem, to funds advised by Hellman & Friedman LLC (H&F). TeamSystem is a leading provider of business software solutions to businesses and accountants in Italy, Spain and Turkey. Hg first invested in […]
At the outset of 2024, we challenged our analysts to come up with some ideas for investment companies that they liked, and thought could do well over the course of this year (click here to read the original article which set out our analysts’ thinking and why they liked the stocks). We also promised to […]
Merck Mercuriadis, chairman and founder of Hipgnosis Song Management (HSM), the manager of Hipgnosis Songs Fund (SONG) has given notice of his intention to step away as chairman of HSM, effective upon closing of the proposed acquisition of SONG by Blackstone, which is expected to become effective on 29 July 2024 (click here to see […]
SDCL Energy Efficiency Income Trust (SEIT) has published its annual results for the year ended 31 March 2024, during which its NAV has fallen to 90.5p per share as at 31 March 2024 from 101.5p a year prior. This includes a reduction of 11p from a 90bps increase in weighted average unlevered discount rate during […]
Bankers (BNKR) has announced its interim results for the half year ended 30 April 2024. The trust delivered a strong NAV total return over the six months of 17.5% (2023: 8.1%) and a share price total return of 21.5% (2023: 5.4%), both returns outperforming the benchmark index return of 16.6% (2023: 3.5%). The company’s Japanese […]
