Alternative asset manager, Gresham House (GHE) has announced that it has agreed terms to purchase the Venture Capital Trust (VCT) business of Mobeus Equity Partners LLP (Mobeus) for an upfront payment of £24.0 million, with a further £12.1 million payable over a three-year period, subject to certain criteria being achieved. To fund the purchase, Gresham […]
In QuotedData’s morning briefing 10 September 2021: RTW Venture (RTW) has announced a new portfolio investment in Lycia Therapeutics, following its participation in the company’s US$70m series B financing round, the proceeds of which are intended to advance Lycia’s discovery pipeline of LYTAC degraders. Lycia is a privately held biotechnology company developing extracellular protein degradation […]
Pershing Square Holdings has published a letter issued by its SPAC, Pershing Square Tontine Holdings (PSTH), in relation to a law suit that has been filed against it that it is operating as an illegal investment company. Rather than copy and paste, we have reproduced the letter in full below. [QD comment: this is a […]
In QuotedData’s morning briefing 20 August 2021: EP Global Opportunities (EPG) has announced its interim results for the half-year ended 30 June 2021. At the half-year end, EPG’s NAV was 314.6p, an increase of 2.0% from the 31 December 2020 NAV of 308.4p. After taking account of the final dividend of 6.0p per share that was paid […]
Aberdeen Asian Income Fund (AAIF) has announced that it is formulating proposals to migrate its tax residence to the UK and to apply for UK investment trust status. Background to the proposals AAIF aims to provide investors with a total return primarily through investing in Asia Pacific securities, including those with an above average yield. […]
In QuotedData’s morning briefing 13 August 2021: Murray International (MYI) has announced its interim results for the six months ended 30 June 2021. As we reported yesterday, sadly, Simon Fraser who was appointed the trust’s chairman in April of this year, passed away on 9 August following a short illness. David Hardie will be chairing the […]
Invesco Perpetual Select has published its annual results for the year ended 31 May 2021, which show outperformance from all four of its portfolios of their benchmarks during the year. The announcement includes the following highlights: All four portfolios delivered positive outperformance over the period. Dividends rose to 6.65p per UK Equity Share and 7.10p […]
In QuotedData’s morning briefing 6 August 2021: JPMorgan Claverhouse (JCH) has published its interim results for the six months ended 30 June 2021. The managers say that the portfolio performed well over the period, benefitting from a significant exposure to stocks geared into the nascent economic upturn. During the period, JCH provided an NAV total return […]
Aberdeen Emerging Markets (AEMC) and Aberdeen New Thai (ANW) have announced a comprehensive set of proposals that, in the case of AEMC will see it change its investment policy from one of investing in emerging markets on a fund of funds basis to investing directly in the equities of Chinese companies, a merger between the […]
In QuotedData’s morning briefing 30 July 2021: Premier Miton Global Renewables (PMGR) has released its interim results for the six months ended 30 June 2021, during which it provided an NAV total return of 4.9% and a share price total return of 8.4%. Its total assets return was 4.2% and so the superior performance of the […]
