James Carthew commenting on the proposed merger in Tom Aylott’s article: ‘so many moving parts that it’s much harder to analyse’. Read the article here
James Carthew on the proposed HICL/TRIG merger in Michael Nelson’s article: . if “the firing gun sounded for competing bids to emerge for these vehicles”.. Read the article here
James Carthew comments on the proposed merger between HICL and TRIG in Christian Mayes’ article: “Take two investment companies that are already amongst the largest, most liquid and diversified in their respective sectors, knock them together to create an infrastructure conglomerate with so many moving parts that it’s much harder to analyse, retain all the […]
Investment trust insider on Smithson and HarbourVest – James Carthew: Loss of Smithson highlights need for private equity trusts Smithson’s liquid holdings make it well suited to an open-ended structure, but not all trusts should be looking to do the same. So, it looks as though we are waiving goodbye to Smithson (SSON) after seven […]
James Carthew comments on the proposed merger between HICL and TRIG in Matteo Anelli’s article: “Take two investment companies that are already amongst the largest, most liquid and diversified in their respective sectors, knock them together to create an infrastructure conglomerate with so many moving parts that it’s much harder to analyse, retain all the […]
Investment trust insider on UK government’s misguided subsidy shake up – James Carthew: Gov policy shift is bad news for infra trusts and must be resisted The moving of goal posts creates a precedent for the government to change the terms later if it does not like them. I caught up with Vietnam Enterprise (VEIL) […]
James Carthew on AVI Japan (AJOT) in Holly McKechnie’s article: “They look at all the different ways a company could be run more efficiently…” Read the article here
Linus Uhlig, Investment Week, 12 November 2025: Veteran fund manager Terry Smith’s £1.8bn investment trust, Smithson (SSON), will seek shareholder approval to roll over into open-ended investment company (OEIC), after a period of trading at a persistent discount.. The trust has traded at a persistent discount to NAV since early 2022, which the board put […]
Christian Mayes, Portfolio Adviser, 12 Nov 2025: The £1.6bn Smithson investment trust has announced plans to roll into an open-ended structure to permanently close its “entrenched” discount. The proposal follows engagement with Saba Capital, which holds a 16.05% stake in the investment trust. If approved, assets will be transferred to Smithson Equity fund, an OEIC […]
James Carthew: It’s time to invest in Polar Cap Healthcare – not cash out Shareholders are eyeing up the trust’s upcoming tender offer but stand to benefit more by remaining invested. Polar Capital Global Healthcare (PCGH) is doing the rounds with investors ahead of its liquidity event. Towards the end of November, shareholders in PCGH […]
