BY JAMIE COLVIN, Citywire Wealth Manager, 20 Mar 2023: Analysts have said that Amar Bhidé, the director at the centre of a row over Scottish Mortgage Trust (SMT), is still likely to exit soon despite the board trying to reassure the market late on Friday that he had not been pushed out. Bhidé’s explosive comments […]
by Jennifer Hill from interactive investor, 20 March 2023: Some fund managers stick to their knitting irrespective of the wider macroeconomic backdrop; others have more flexibility to change their strategy to respond to market conditions. But which approach is best? Are investors better sticking with funds that adopt a long-term buy and hold strategy or […]
Eve Maddock-Jones, Investment Week, 17 March 2023: The ramifications of the biggest banking failure in 15 years, combined with the woes faced by Credit Suisse, have done nothing to help the already grey outlook for European small-caps in 2023. While the US regional banking crisis is not directly a European issue, Peter Kraus, head of […]
Investment trust insider on Scottish Mortgage – James Carthew: Where Scottish Mortgage’s board is falling down Most of the time, the world of investment companies is pretty staid. However, on Friday a boardroom row at Scottish Mortgage (SMT) spilled over into the press and made headlines. A director, Professor Amar Bhidé, told the Financial Times […]
Eve Maddock-Jones, Investment Week, 17 March 2023: Scottish Mortgage is facing its second round of anxiety over private equity exposure this year, following internal concerns about its capabilities to navigate this space. A flagship product of Baillie Gifford, Scottish Mortgage has faced criticism from its own non-executive board member Amar Bhidé, who spoke out against […]
BY GAVIN LUMSDEN, Citywire Investment Trust Insider, 17 March 2023 Amar Bhidé, a non-executive director at Scottish Mortgage Trust (SMT), has told the Financial Times he was removed from the investment trust’s board yesterday after disagreeing with the chair Fiona McBain over appointments and the risks of the trust’s £3.8bn investments in unquoted companies. Bhidé, […]
Andrew Courtney, for Investment Week, 15 March 2023: The dividend hero and next generation hero lists published by the AIC are a great marketing tool for the investment companies industry and tend to generate a considerable amount of press attention, despite being a relatively simplistic yardstick (funds that have grown their dividend every year for […]
Investment trust insider on Greencoat UK Wind – James Carthew: Renewables de-rating won’t last. Funds like UK Wind are too important The end of the month sees a big milestone for the investment companies sector – Greencoat UK Wind (UKW), the first of the renewable energy infrastructure trusts, will be 10 years old. The initial […]
By MIKE SHEEN FOR THIS IS MONEY, 10 March 2023: The rising cost of borrowing could leave some buyers of investment trusts nursing heavy losses and a sharp fall in income. Investment trusts’ use of borrowing – known as gearing – is designed to supercharge returns and income when a vehicle’s strategy pays off, but […]
Elliot Gulliver-Needham, Investment Week, 7 Mar 2023: The investment trust, which launched in November 2021, has seen shares fall 12.7% over the last year, according to data from Morningstar, although it has managed to hold prices steady in the last four months. Focusing on the four areas of digital infrastructure, power and utilities, renewables and […]
