Lazard World Trust Board responds to City of London letter – On 15th August, we reported that City of London Investment Management (CLIG), who run the investment trust City of London (CTY), has written a letter to the Directors of Lazard World Trust Fund (WTR) explaining its intention to oppose renewing the WTR’s buyback authority at the EGM to be held on […]
Investment Trust Insider on Syncona James Carthew: the problem with Syncona’s big premium Regular readers of this column will have realised that I often have as much of a problem with investment trusts trading on very high premiums as I do with trusts trading on very wide discounts. I explained a couple of weeks ago […]
Investment Trust Insider on Riverstone Energy James Carthew: Riverstone’s history restricts oil boom effect BP’s announcement on Friday that it is spending $10.5 billion to buy BHP’s US shale oil investments, comprising considerable acreage in the Permian and Eagle Ford basins plus gas-producing fields in the southern states of the US, is a good cue […]
Investment Trust Insider on how to grow trusts James Carthew: imponderable questions in quest for scale Last week I addressed the uphill battle Ashoka India Equity (AIE) faces if it wants to expand, having raised just £46.5 million in its flotation. It is by no means the smallest fund out there, however. Many of the very smallest funds […]
Investment Trust Insider on recent new issues – James Carthew: can Ashoka overcome a disappointing launch? It has been a week of contrasts in the new issue market. Tritax EuroBox (BOXE) raised its maximum target of £300 million in an issue that was ‘significantly oversubscribed’ and Hipgnosis Songs Fund (SONG) raised over £200 million. Whereas […]
Investment Trust Insider on Supermarket Income REIT James Carthew: Supermarket Inc should go down main aisle Last summer Supermarket Income (SUPR) presented investors with a new alternative in their search for predictable, inflation-linked yields. Since then the real estate investment trust (Reit) has announced quarterly dividends of 1.375p, equating to a 5.5% yield on its […]
Investment Trust Insider on Starwood European Real Estate Finance James Carthew: Starwood loan fund shines after slow start Starwood European Real Estate Finance (SWEF) celebrated its fifth birthday in December. As the name suggests, it invests in debt secured against property in the EU. Its loans typically range between three and seven years with the […]
QuotedData on F&C’s 150th birthday, plus our monthly roundup featured in DIY investor magazine. The granddaddy of the investment trust sector, Foreign & Colonial Investment Trust, is rapidly approaching its 150th birthday. It is a remarkable achievement for a company to remain relevant over such a long period. What, perhaps is even more remarkable is […]
Investment Trust Insider on battery storage James Carthew: the economics of storing energy in batteries Two weeks ago when I wrote about Bluefield Solar Income Fund (BSIF) I referred to a couple of new solar power plants that planned to operate without government subsidies by augmenting their revenue with the aid of battery storage plants. […]
Investment Trust Insider on Jupiter US Smaller Companies James Carthew: Jupiter US wants more JUS from Siddles Half-year results for Jupiter US Smaller Companies (JUS) show the investment trust lagged its benchmark, the Russell 2000 index (adjusted to sterling), by 3.2% in the six months to 31 December 2017, extending a prolonged period of underperformance. […]
