Investment trust insider on Riverstone Energy – James Carthew: Riverstone Energy’s unreasonable tender Riverstone Energy (RSE) made headlines this week when it announced a tender offer for up to 30.4% of its issued share capital. The fund is almost 10 years old, having launched in October 2013. The initial issue was a phenomenal success, raising […]
By Tom Aylott, Reporter, Trustnet, 21 August 2023: What investors choose to put in their pension is an important decision as it can have a significant influence on their overall quality of life when they enter retirement. It is very important to start early so that a large pot can be accrued, but as we […]
By Jean-Baptiste Andrieux, Reporter, Trustnet, 18 August 2023: After 20 years at the helm of the trust, Bruce Stout, manager of Murray International has announced he will retire in June 2024. During his tenure spanning two decades, Stout has given the trust a very particular flavour that includes a significant underweight to US equities and […]
Investment trust insider on the return of arbitrageurs – James Carthew: The unfit trusts at risk from an ‘arb’ attack Investment company bargains abound following the discount widening that has plagued the sector. We have seen some welcome proactive moves by boards to address the problem. What does not seem to have emerged yet is […]
BY JAMIE COLVIN, Citywire Investment Trust Insider, 15 August 2023: Update: The row between ThomasLloyd Energy Impact (TLEI) and its fund manager has escalated with the board of the renewables fund saying it has been told by a whistleblower that Thomas Lloyd Global Asset Management knew about problems in its ‘Rums’ solar project a year […]
Alex Sebastian, Portfolio Adviser, 15 AUGUST 2023: A whistleblower has claimed the investment manager of the ThomasLloyd Energy Impact Trust withheld material information relating to the ‘RUMS’ solar project in India from its board. The project ran into trouble, leading to a sequence of events which caused the shares to be suspended. The specific claim […]
By Tom Aylott, Reporter, Trustnet, 15 August 2023: Investors seeking exposure to growth opportunities in the fast-growing Indian market are likely to have been underwhelmed by JPMorgan Indian’s poor performance over the past decade, but it could be taking a significant turn for the better. Returns were up 153.1% over the past 10 years, meaning […]
Valeria Martinez, Investment Week, 15 August 2023: TLEI’s shares have been suspended since 25 April due to uncertainty over the valuation of its ‘RUMS’ solar park construction project in India, in which 8% of the portfolio was invested. Image: TLEI’s shares have been suspended since 25 April due to uncertainty over the valuation of its […]
By Jean-Baptiste Andrieux, Reporter, Trustnet, 15 August 2023: Investment trusts on discounts offer opportunities for investors to gain exposure to assets at less than their book value. This may sound like an attractive bargain, but there is no guarantee that the gap between the share price and the net asset value per share will close. […]
Kyle Caldwell, interactive investor, 10 Aug 2023: This episode of On The Money is inspired by interactive investor readers requesting a closer look at investment trust discounts. Kyle is joined by James Carthew, co-founder and head of investment company research at QuotedData, to tackle the topic, including how to spot a good opportunity and how […]
