HarbourVest Global Private Equity has decided to consolidate its listing on the Main Market of the London Stock Exchange and has applied to delist from Euronext Amsterdam. This delisting is expected to take effect on 24 October 2016, with the last trading date being 25 October 2016. It is intended that subsequent to this, the […]
Schroder UK Mid Cap Fund has announced that Jean Roche, a fund manager in Schroders’ Pan-European Small and Mid Cap team, has been appointed as co-portfolio manager, joining Andy Brough, with immediate effect. This follows Rosemary Banyard’s retirement earlier this year. Jean joined the team in January 2016 from Hargreave Hale where she was most recently a […]
When Jupiter UK Growth changed its name and investment policy the Board advised that the high watermark used to calculate any future entitlement to a performance fee for the manager would be reset in order to fairly incentivise the new portfolio manager pursuant to the company’s new investment strategy. At the same time the base annual […]
The Board of Alternative Asset Opportunities PCC Limited (Traded Life Interests) announced on 13 September 2016 that it had conditionally agreed to sell 71 of the Company’s 80 policies for a total cash consideration of $40.0 million, subject to adjustment. The disposal requires changes to the company’s current investment objective and policy which are material […]
Eastern European Property’s net asset value at 30 June 2016 was GBP15.7 million, equivalent to 100.79p per share (31 December 2015: GBP15.8 million and 101.46p per share). They are reporting net income after tax for the period ended 30 June 2016 of GBP0.3 million, representing earnings per share of 2.24p. The share price decreased by 1.25p during the period from 50.75p at 31 December […]
Highbridge Multi-Strategy Fund has published a circular in connection with a tender offer for the company. The board has the power to offer shareholders quarterly cash exits, at NAV less costs, and the first such tender offer is to take place in October 2016. The company expects that tendering Shareholders will receive most of the […]
Jupiter US Smaller Companies has published results for the year ended 30 June 2016. The NAV per share increased by 8.7% to 787.3p in the twelve months to 30 June 2016. This compared to a gain of 8.1% in the benchmark, the sterling adjusted Russell 2000 Index. In dollar terms, the Russell 2000 Index of […]
JPMorgan Mid Cap has published results for the year ended 30 June 2016. The end of the period was marked by the referendum. The Mid Cap index fell just over 15% in a period of just five business days, resulting in a benchmark return for the year to 30th June 2016 of -5.7%. The investment managers tried […]
Schroder Asian Total Return has published a circular to convene a meeting at which shareholders will be asked, amongst other things, to approve the reissue of treasury shares at a discount. The special resolution would give the directors the authority to reissue up to 7,294,914 ordinary shares from treasury (representing approximately 10 per cent of the […]
Qatar Investment Fund last rejigged its fee arrangements on 1 November 2013. The new arrangement was put in place for three years. The terms were a reduced management fee of 1.05% per annum of the net asset value, calculated monthly and payable quarterly in arrears, with such management fee reducing further to 1.0% from 1 […]
