By Matteo Anelli, Senior reporter, Trustnet, 03 March 2025: RIT Capital Partners has disclosed a new position in SpaceX, initiated in the second half of 2024, in its full-year results released this morning. The investment trust noted in the 12 months to the end of December, the net asset value (NAV) rose 7.7% (9.4% including […]
Linus Uhlig, Investment Week, 28 February 2025: Saba Capital, the US activist hedge fund causing waves through the investment trust sector, has been accused of “making it up as they go along” by industry commentators. Earlier in February, with six out of six vote losses under its belt and an admittance from the hedge fund’s […]
by Dave Baxter, Investors Chronicle, February 28, 2025: Equity income investors have many ways to skin a cat. One debate of recent years, for instance, has focused on whether to hold shares that already pay out cash, or to instead invest in something in the hope of making healthy gains, then take an income by […]
Questor on JPMorgan Japanese – How to buy local knowledge in Warren Buffett’s favourite foreign market With managers based in Tokyo, this Japanese trust continues to outperform Japan is back – just ask Warren Buffett. Much like the nation, many investment trusts focused on Japan have been through periods of difficulty, although few lasted as […]
Linus Uhlig, Investment Week, 26 February 2025: Christopher Mills and Robert Naylor, the City veterans best known for orchestrating the sale of Hipgnosis Songs to Blackstone last year, have launched Achilles investment company (AIC), a closed-ended strategy looking to take advantage of the discounts within the investment trust sector. Achilles will run a concentrated portfolio […]
By Elliot Gulliver-Needham, Investment Reporter, CityAM, 24 February 2025: The £54m Achilles trust will debut on the London Stock Exchange tomorrow. Achilles Investment Company is set to start trading on the London Stock Exchange tomorrow after raising £54m to make an activist push against struggling investment trusts. The trust, run by City veterans Christopher Mills […]
Investment trust insider on Monks – James Carthew: Why I’m top slicing Monks Our columnist reveals why he is taking profits from one of his largest investment trust holdings, which he views as a less racy version of stablemate Scottish Mortgage. They say that markets climb a wall of worry, and the evidence suggests that […]
By Jennifer Hill, Citywire Investment Trust Insider, 21 February 2025: The curtain has finally fallen on Downing Strategic Micro-Cap (DSM), the UK smaller companies trust that is now worth little over £2m. At a general meeting, 98.3% of shareholders voted to liquidate the portfolio, with just 1.7% voting against.. It is a far cry from […]
Investment trust insider on Achilles – James Carthew: Activist Achilles could pack a powerful punch The new activist trust targeting the alternative assets sectors is not Saba in different form and could be a force for good. It has been so long since we saw a meaningful IPO in the investment trust sector that I […]
By Jennifer Hill, Citywire Investment Trust Insider, 20 February 2025: Herald (HRI), the small-cap technology trust, has urged shareholders to come out in force again amid fears that US activist Saba Capital could win its campaign ‘via the back door’. The £1.3bn trust will hold its triennial continuation vote at its 2025 annual general meeting […]
