Qannas Investments has sold its investment in Marina 101 to Sheffield Holdings Limited (which developed it) and will receive proceeds of AED 60.3m ($ 16.4m), making a 51% return on its investment in two years, equivalent to an IRR of 22.8%.
Harbourvest Senior Loans Europe has announced that Spire Partners, who were appointed as sub advisers to the fund a little while ago, have now been named as the company’s investment managers. The arrangement with Harbourvest has been terminated and the company’s name will be changed in due course if shareholders approve.
Invesco Perpetual Enhanced Income, managed by Paul Read and Paul Causer (pictured) generated a 6.3% total return on net assets over the six months to the end of March 2014. The return to shareholders was 19.4%, reflecting a significant improvement in the company’s rating as the company moved from trading on a discount to trading at […]
Aberdeen Japan, chaired by Neil Gaskell (pictured), has published results for the year ended 31 March 2014. These cover the period since it converted to a pure Japanese fund from an Asia including Japan one. During the first part of the year (the period up to 7 October), when the fund still had its pan Asia […]
Assura Group has published its full year figures for the period ended 31 March 2014. Over the year the EPRA NAV rose by 12.4% to 43.4p. The quarterly dividend is 0.45p per share (49% higher than the previous year). Assura Group bought 32 GP surgeries in September 2013 and completed eight new projects during the […]
Schroder UK Mid Cap Fund, managed by Rosemary Baynard (pictured) and Andy Brough, outperformed over the six months ended 31 March 2014 – returning 15.4% while the FTSE Mid 250 returned 11.0%. The discount narrowed from 6.1% to finish March at 2.6% and this helped improve the return to shareholders to 19.9% however this has reversed […]
JPMorgan Chinese has published its interim for the six months to end March 2014. The company beat its benchmark (the MSCI Golden Dragon) but overall the total return on assets a small drop of 0.2% (compared to a 2.5% loss on the index). Shareholders did get a positive return of 3.9% however as the discount narrowed.
JPMorgan European Smaller Companies has published its results for the year ended 31 March 2014. It was a great year for the fund as the total return on net assets was 40.6%, well ahead of the 32.8% return generated by the Euromoney Smaller European Companies ex UK Index (the company’s benchmark – this used to […]
JPMorgan Indian, managed by Rukhshad Schroff and Rajendra Nair, has released its interim results covering the six months to the end of March 2014. JPMorgan Indian beat its benchmark over the period, generating a total return of 18.7% versus a 15.9% return on the MSCI India Index. Shareholders did even better however as the discount narrowed, […]
GCP Infrastructure Investments has released its interim accounts and these show the company generating a total shareholder return of 4% for the six months to the end of March 2014. The company expanded via a C share, raising £80m, and has made a number of acquisitions as it invests that money. They say the investment […]
