CQS Natural Resources Growth and Income (CYN) has announced the results of a wide-ranging strategic review, unveiling a proposed 100% tender offer alongside a package of initiatives designed to enhance long-term shareholder value. Investors will be offered the flexibility to exit the trust in full or remain invested under improved terms that include a significantly […]
Baillie Gifford Shin Nippon (BGS) has announced a change in its portfolio management team, with Brian Lum taking over as lead portfolio manager from Praveen Kumar with immediate effect. Jared Anderson has been appointed deputy portfolio manager. The move follows an internal review by Baillie Gifford and forms part of a broader set of changes […]
In QuotedData’s morning briefing 28 May 2025: We also have: Stories you may have missed from yesterday:
This time last week I was at Baillie Gifford’s Investment Trust Conference in Edinburgh – a two-day event, held every three years, that sees Baillie Gifford playing host to around 250 professionals from the world of investment companies. The event provides a useful forum to discuss the latest developments in the sector. However, we also […]
VH Global Energy Infrastructure (ENRG) has announced a significant shift in strategy, with plans to begin an orderly realisation of its portfolio and return capital to shareholders over the next three years. The decision follows extensive shareholder consultation and comes amid sustained pressure from ENRG’s wide share price discount to NAV, currently around 44%. The […]
Franklin Global Trust (FRGT – formerly Martin Currie Global Portfolio) has announced upcoming changes to its investment management arrangements, following Franklin Templeton’s decision to retire the Martin Currie brand in 2025. Effective from 12 July 2025, the company’s portfolio management will formally transition from Martin Currie Investment Management (MCIM) to Franklin Templeton Investment Management (FTIML) […]
In QuotedData’s morning briefing 23 May 2025: We also have: Stories you may have missed from yesterday:
The Edinburgh Investment Trust (EDIN) has released its annual financial report for the year ended 31 March 2025, during which its net asset value (NAV) rose by 8.3% on a total return basis, underperforming its All-Share Index benchmark, which EDIN says increased by 10.5%. The share price advanced 11.3%, closing the year at 740p, reflecting […]
Apax Global Alpha (AGA) has announced that it expects to invest approximately €25m on a look-through basis into the Treasury and Capital Markets (TCM) division of Finastra, following the acquisition of the business by the Apax XI Fund. The transaction, announced by Apax XI on 19 May 2025, will see the carve-out and rebranding of […]
Third Point Investors (TPOU) has announced an all-share deal to acquire Malibu Life Reinsurance SPC (Malibu), marking a significant strategic pivot towards becoming what it describes a fast-growing, fully capitalised reinsurance operating company listed in London. The proposed acquisition – structured on a “NAV for NAV” basis – will see TPOU issue new ordinary shares […]
