Gulf Investment Fund (GIF) has delivered a total NAV return of +3.4% over its six-month interim period to end-December 2019, compared with a fall of 1.4% in the S&P GCC Composite Index. The MSCI Emerging Markets Index rose by 5.7% in the same period. The shares rose by 5.0%. Global equity markets ended 2019 near record highs. […]
In QuotedData’s other news 26 February 2020 – Foresight Solar (FSFL) said that following an internal restructuring at Foresight Group, Foresight Group LLP has replaced Foresight Group CI as investment manager to FSFL. The material terms and fees contained in the new management agreement are the same as in the previous agreement with Foresight CI while […]
Following on from the announcement on 18 February (which we covered here), Amedeo Air Four Plus (AA4) has announced that it has completed the sale of two A380-800 aircraft to Etihad Airways, bearing the manufacturer’s serial numbers 233 and 237. The sales included the full repayment of the financing arrangements on both aircraft, including applicable swap […]
The Berlin-focused European property company, Phoenix Spree Deutschland (PSDL), which focuses on residential real estate, has released a statement on the new Berlin rent cap (“Mietendeckel”). It became law on 23 February. “The company set out in September 2019 how it plans to adapt its strategy during the period in which the proposed rent controls […]
The UK-focused renewables energy infrastructure fund, Bluefield Solar (BSIF), has reported interim results to 31 December 2019. The company has reported a total NAV return of 6.2% and a total market return of 7.0%. The following extracts are taken from chairman John Rennocks’s report: Introduction “Although lower than the exceptional levels seen in the second […]
In QuotedData’s other news 25 February 2020 – JPMorgan Global Growth & Income (JPGI) delivered interim results to 31 December 2019. Over the period, the company saw a 4.7% total NAV return, which compares with a return of 4.6% from its benchmark (the MSCI All Countries World Index in sterling terms). The slight outperformance was the […]
On 16 January 2020 we noted that Henderson Alternative Strategies (HAST) would be seeking approval for a realisation process after little appetite shown for greater illiquid exposure (click here to read more). The company has this published a circular this morning, including a notice of general meeting (to be held on 25 March 2020), setting out […]
Oakley Capital Investments (OCI) has announced that Oakley Capital Private Equity III (Fund III) has reached an agreement to sell a majority stake in atHome Group (atHome), a leading online classifieds and mortgage broking business in Luxembourg, to Mayfair Equity Partners (Mayfair), a UK based buyout and growth capital investor. Following the transaction, Fund III will retain a minority […]
QuotedData’s other news 24 February 2020 – The flexible investments company, UIL (UTL) reported interim results to 31 December 2019. The company noted in the report that following six years of significant rising NAV, its total return performance softened was (4.3%) for the half-year to 31 December 2019. Much of this underperformance is due to stronger sterling, […]
JZ Capital Partners (JZCP), the London listed fund that invests in US and European micro-cap companies and US real estate, has announced that it has now received preliminary appraisals for all its real estate portfolio assets for the valuation period as of February 29, 2020. The appraisals indicate further net write-downs, in reflection of which the […]
