EPE Special Opportunities results for the year ended 31 January 2014 show an increase in the net asset value of 31.5% over the period. The share price increased by 55% but the shares still traded at a considerable discount – 87p vs. an NAV of 135.4p. Two stocks that contributed to EPE Special Opportunities’ performance […]
HICL Infrastructure has announced a revision to its fee structure. Assets under construction will no longer be charged at a higher rate of 1.5% per annum. Assets under management in excess of £2.25bn will be charged at 0.8% per annum. The fee changes take effect from 1st April 2014
Over the year to the end of November 2013 Japan Residential Investment Company’s portfolio increased in value by 3% however adverse movements in the sterling / yen exchange rate pushed the net asset value down by 11%. Average occupancy nudged up to 95.6% from 95.2% but again yen weakness pushed down revenues. the dividend was […]
Henderson High income has announced figures for the year ended 31 December 2013. over the year the net asset value generated a total return of 30.7% – much better than the 16.8% return on HHI’s benchmark. revenue rose by 8.1%, allowing them to increase the quarterly dividend to 2.15p per share.
ICG Longbow has committed to its ninth transaction, a £10.00 million loan to Lanos (York) Limited, secured against the Best Western York Monkbar Hotel, which is located close to the city centre of York. The loan will allow this 99 bed hotel to be refurbished and extended by 27 beds. The loan has a maturity date of 31 December 2018 […]
The Board of Utilico Emerging Markets has agreed a number of changes to the management fee. The base fee is being amended to 0.65% of net assets from 0.5% of gross assets less current liabilities. Utilico Emerging Markets has gearing of about £20m at the moment on net assets of £412m so this translates into an […]
Riverstone Energy has announced two new investments (following on from its Liberty II investment which completed yesterday). Rock Oil Holdings, a Denver and Houston based oil & gas company, will get an investment of $250m, $83m of which will come from REL. Rock Oil’s focus will be on shale (Eagle Ford, Utica and the Permian […]
Witan, managed by Andrew bell (pictured) has posted a decent set of results. Over the year ended 31 December 2013 Witan’s net asset value total return beat its benchmark by 8.7% and they increased their dividend by 9.1% to 14.4p. The discount narrowed from 10.2% to 6.1%.
In 2013 Murray International, managed by Bruce Stout (pictured), had a poor year relative to its benchmark – returning 4.6% (in net asset value terms) and 4.1% (in share price terms) vs. 21.2% for the benchmark (60% FTSE All-Share and 40% FTSE World ex UK). It did manage to increase its dividend from 40.5p to 43.0p […]
The Board of Investors Capital, led by Iain McLaren (pictured) have agreed to cut the management fee from 0.9% of net assets to 0.75% (this takes effect on 1st April 2014). They also scrapping the performance fee.
Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.
Due to data protection policies, USA residents can not access our data.
Your content has been curated
