Witan drops two managers to up active share – Following a review of its five managers with a global equity remit, Witan has decided to consolidate the previous five portfolios into three, under the management of three of its existing managers. Lansdowne Partners (UK) LLP, Pzena Investment Management and Veritas Asset Management will each manage […]
SQN Secured Income appoints managing director – Dawn Kendall has been appointed as managing director of SQN Asset Management Ltd, the UK Manager of the SQN Secured Income Fund PLC. Dawn joins SQN from TwentyFour Asset Management where she was a partner, portfolio manager and a member of the executive committee. She started her career […]
Honeycomb Investment Trust (HONY) has published a prospectus in relation to a share issuance programme of up to 40 million new Ordinary Shares and/or C Shares, including a first placing of Ordinary Shares. The Company says that it has fully deployed the net proceeds of the IPO placing and the placings of Ordinary Shares undertaken […]
VPC Specialty Lending (VSL) has announced that it has agreed with its Investment Manager, Victory Park Capital Advisors, LLC to introduce of a performance hurdle in respect of the performance fees payable to the Investment Manager. With effect from 1 May 2017, the payment of any performance fees to the Investment Manager will be conditional […]
Oakley Capital Investments (OCIL) has announced that Oakley Capital Private Equity III (Fund III) has now completed the acquisition of a majority stake in TechInsights, which it describes as a global leader in the intellectual property and technology services market. Fund III has invested US$49.7 million in the business. OCIL’s indirect contribution through its interest […]
Hadrian’s Wall Secured Investments (HWSL) has announced the results of C Share Placing and Offer for Subscription, through which it has raised £45.2m. HWSL says that, in total, applications were accepted in respect of 45,194,862 C Shares, comprising 40,456,862 C Shares under the Initial Placing and 4,738,000 C Shares under the Initial Offer for Subscription. […]
Hammerson has announced that it has exchanged contracts for the sale of Westwood and Westwood Gateway Retail Parks, Thanet, to clients of BMO Real Estate Partners for £80 million. The sale price represents a net initial yield of 6.5% and is slightly below December 2016 book value. The retail parks, covering a total of 24,900 […]
UK Mortgages Limited (UKML) and TwentyFour Asset Management LLP (TwentyFour) have announced the mandate for Oat Hill No.1 PLC, a public securitisation of Buy-to-Let mortgages originated by Capital Home Loans, purchased in February 2017 by UK Mortgages. TwentyFour, the appointed Portfolio Advisor, has mandated BofAML as Arranger and BofAML and NatWest Markets as Joint Lead […]
Biotech Growth lags benchmark but shareholders still make 28%. Biotech Growth says that it produced a good return in absolute terms for the year ended 31 March 2017. The net asset value per share rose by 27.5% during the year, which compares with the benchmark, the NASDAQ Biotechnology Index (sterling adjusted), which rose by 29.2%. As […]
Alpha Real gets planning for its Monk Bridge site in Leeds. Planning has been obtained at the monthly planning committee for Leeds City Council in respect of the Company’s Private Rented Sector (“PRS”) development site at Monk Bridge in central Leeds. Detailed planning was obtained for 307 PRS flats in three buildings over 180,049 square feet […]
