JPMorgan Convertible manager exits – JPMorgan Global Convertibles Income Fund Limited has announced that Antony Vallee, one of the company’s fund managers, has decided to leave J.P. Morgan Asset Management to pursue other opportunities. The existing investment management team, led by Natalia Bucci and Robin Dunmall will be augmented by the addition of Paul Levene. […]
Brunner – 46 years of dividend growth. Brunner has announced its final Results for the year ended 30 November 2017. Its NAV total return was 19.5%, which is ahead of its composite benchmark index’s return of 15.1%. In terms of specific drivers of performance, the extract from the annual report released this morning does not […]
IBT key beneficiary of massive BMS-Nektar deal – International Biotech Trust (IBT) looks set to be the main investment trust beneficiary of the massive deal signed today between Bristol-Myers Squibb (BMS) and Nektar Therapeutics covering what had hitherto been – albeit briefly – the industry’s hottest un-partnered cancer drug, NKTR-214. Nektar is the third largest shareholding for […]
BBH’s first annual report delivers positive news- BBH has announced results for the year ended 30 November 2017, over the period the total return was 19.3%, an outperformance of 4.9% versus the benchmark (the MSCI World Healthcare Total Return Index in GBP). The total return for shareholders was 20.5%. Total dividends for the year were 3.5p. For the […]
Talib Sheikh leaves JPMorgan Asset Management – JPMorgan Income & Capital Trust published a circular on 25 January 2018 in connection with the reconstruction of the company. Shareholders are being offered the choice of: (i) a tax and cost efficient rollover into JPMorgan Multi-Asset Trust plc (“MATE“); and/or (ii) cash. MATE’s portfolio will be managed […]
Blackstone GSO Loan Financing comments on US court decision – on Friday, 9 February 2018, the U.S. Court of Appeals for the D.C. Circuit ruled in favour of the Loan Syndications and Trading Association (“LSTA”) in its lawsuit against the U.S. Securities and Exchange Commission (“SEC”) and the Federal Reserve, determining that U.S. CLO managers […]
Dan Whitestone sole manager of BlackRock Throgmorton – alongside the publication of its results, BlackRock Throgmorton has announced some changes to its management arrangements. During the year ended 30 November 2017 the fund’s NAV returned 33.9% on a total return basis, compared with a total return of 21.3% from the benchmark index, the Numis Smaller Companies excluding […]
Empiric buys Southampton’s Emily Davies Hall – Empiric Student Property has acquired the freehold of a 240 bed student accommodation property in Southampton, the Emily Davies Halls of Residence, for GBP10.6 million (excluding costs). The property comprises affordable student accommodation configured in three and four bed apartments with 65 commercially let car parking spaces. The […]
LXi fully invested again after social housing deal – LXi REIT has exchanged contracts on the acquisition of the freehold interest in a portfolio of regulated long-let supported living properties located in Colchester, Essex (74%), Birmingham (17%) and Dover, Kent (9%). The purchase price for this portfolio is GBP6.2 million, reflecting a net initial yield of […]
AEW UK REIT buys Wakefield business park – AEW UK REIT has announced the acquisition of Diamond Business Park in Wakefield for GBP4.2m. The 201,543 sq ft multi-let property has a Net Initial Yield of 11.5% and comprises an industrial and office element. On the industrial side, there are 13 units totalling 172,584 sq ft leased […]
