Investment Company News

08 Sep 2014

Good year for Crystal Amber

CRS : Good year for Crystal Amber Crystal Amber’s full year results for the period ended 30 June 2014 show its net asset value climbing by 20.8% to 160.8p. The total return for the year was 21.3% – ahead of the FTSE 250 (16.8%) and the FTSE Small Cap. (19.1%). The report cites positive contributions […]

08 Sep 2014

Macau Property Opportunities frees up $33m of cash

MPO : Macau Property Opportunities frees up $33m of cash Macau Property Opportunities has refinanced some of its properties – debt facilities linked to One Central Residences and the Green House in Macao have been extended or renegotiated. the net effect is to free up $33m of cash giving MPO $55m of cash for future opportunities.

08 Sep 2014

Bluefield Solar wants to expand onto commercial and industrial rooftops

BSIF : Bluefield Solar wants to expand onto commercial and industrial rooftops Bluefield Solar Income has published its first Annual Report. This covers the period from the incorporation of the company in May 2013 and the listing of the fund in July 2013 through to the end of June 2014. Over the period the fund […]

08 Sep 2014

Schroder UK Growth loses manager

SDU : Schroder UK Growth loses manager Schroder UK Growth has announced that Julie Dean is leaving Schroders. The Board has held discussions with Schroders and has resolved that Schroders’ Business Cycle Investment team should continue to run the fund for the moment. However the Board has also said that it “will consult with its […]

08 Sep 2014

Electra buys ten pin bowling company

ELTA : Electra buys ten pin bowling company Electra is buying The Original Bowling Company – the UK’s largest ten pin bowling operator – for £91m. Electra Private Equity is committing £51m to this. The Original Bowling Company has 43 centres – 29 operating as Hollywood Bowl and 14 as AMF. The announcement says that […]

05 Sep 2014

BlackRock Hedge Selector considering its future

BHUE : BlackRock Hedge Selector considering its future BlackRock Hedge Selector has released a statement this morning that says “Given the current market capitalisation of the Company and prevailing share price discount, the Board of BlackRock Hedge Selector Ltd announce that they will be undertaking a shareholder consultation in relation to the current investment objective […]

05 Sep 2014

Jupiter European lags benchmark

JEO : Jupiter European lags benchmark Jupiter European Opportunities Trust has published its results for the year ended 31 May 2014. Over that period the net asset value rose by 11.8% vs. 13.4% for the FTSE World Europe ex UK Index. The company’s share price rose by 12.2%. The fund is paying a maintained dividend […]

04 Sep 2014

Riverstone Energy commits to Castex Gulf of Mexico fund

RSE : Riverstone Energy commits to Castex Gulf of Mexico fund Riverstone Energy is committing $67m towards a $200m investment in Castex Energy 2014 – a fund that will be managed by Castex Energy Inc, based in Louisiana. Castex Energy 2014 will provide finance to support Castex’s efforts “to test and develop Castex’s current and future […]

04 Sep 2014

Jupiter Second Split rollover proposals published

JSS : Jupiter Second Split rollover proposals published Jupiter Second Split Trust is coming to the end of its life. The Board, chaired by Lord Lamont (pictured), have published proposals today that, if approved by shareholders, will allow for a rollover into Jupiter Strategic Reserve Fund – an open-ended fund managed by Miles Geldard, Jupiter Second […]

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