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 […]
By Jennifer Hill, Citywire Investment Trust Insider, 20 February 2025: Keystone Positive Change (KPC), one of seven trusts that has defeated Saba Capital’s attempt to oust its board, has scheduled meetings to decide its fate next month. The £165m Baillie Gifford-run impact investment trust has published a circular formally reconvening meetings at which shareholders can […]
Questor on Schroder Asia Total Return – Ignore the markets and disregard the indices, says this stocks winner With an 80pc outperformance rate in the past 10 years, there’s method to the madness Past Questor columns have recommended Schroder AsiaPacific Fund to readers, most recently in February 2023. However, Schroders has another investment trust focused […]
by Jennifer Hill, from interactive investor, 19th February 2025: Consistent outperformance, no matter how small, can add up to big rewards over time. With that in mind, we asked the experts to name their favourite funds that have delivered over multiple time periods.. QuotedData highlights Polar Capital Global Healthcare, the best-performing trust in the biotechnology […]
Questor on Bluefield Solar Income Fund – There’s money to be made waiting for the regulator to fix its problems Predictable revenues and well-financed debt make this steady winner extremely valuable Last week, Questor tipped an infrastructure trust and the next day there was a bid from a Canadian fund for a competing trust at […]
by Dave Baxter, Investors Chronicle, February 14, 2025: Having bought assets that look much harder to sell, or even to accurately value, than listed equities, alternative investment trusts appear relatively safe from a Saba-style activist campaign. But stubbornly wide share price discounts to net asset value (NAV) mean they could still disappear via other routes. […]
Cristian Angeloni, Investment Week, 14 February 2025: US activist investor Saba Capital is nowhere near done with the world of investment trusts.. In the latest turn of events in the ‘Saba saga’, the US hedge fund revealed on Monday (10 February) it would requisition general meetings at four investment trusts – two of the original […]
by Val Cipriani, Investors’ Chronicle, February 13, 2025: More investment trusts battling with discounts have changed their fee structure in favour of investors. Last week, Gresham House Energy Storage (GRID), trading at a 62.2 per cent discount to net asset value (NAV) as of 7 February, said it would start calculating its management fees half […]
