Matthew Read comments on the ending of AEWU’s offer for AIRE in Patrick Sanders’ article: “This is a disappointing outcome for AIRE shareholders..There was a clear strategic logic to combining AEWU and AIRE – the portfolios are complementary, there were potential cost and scale benefits and the deal was expected to enhance AEWU’s earnings.” Read […]
Matthew Read references GOT’s resilience in Jonathan Jones’ article: “With no benchmark constraints, Global Opportunities Trust can vary its market exposure as opportunities change. In an environment where returns may be harder won and valuation discipline matters more, that flexibility could prove particularly valuable,” Read the article here
James Carthew comments on the new trust in Val Cipriani’s article: “Many investors may want to see evidence of it making these investments before making a decision. Then there are some issues that might need greater clarity – around things such as the fees on underlying special-purpose vehicles, the management incentive arrangements, and the post-fundraising […]
Matthew Read comments on Saba’s requisition notice for USA in Michael Nelson’s article: “This appears to be more of the same from Saba, with no new ideas on the table.” Read the article here
Matthew Read comments on Saba’s latest requisition in Patrick Sanders’ article: “In a repeat of its previous tactics, it seems intent on repeatedly requisitioning USA in the hope that other shareholders eventually tire of the process, allowing it to gain control of the board through a war of attrition.” Read the article here
Matthew Read comments on Saba’s USA requisition in Ali Lyon’s article: “The Financial Conduct Authority has proposed changes that, if enacted, should make it harder for large shareholders to use the system in this way to the potential detriment of smaller investors. However, we are not there yet.” Read the article here
James Carthew: The only India trust bucking the downward trend India Capital Growth has made positive returns whilst all its peers sank over the past year, yet is trading on too wide of a discount. Not that long ago, India was the place to be for investors. But after a strong run, its equity markets […]
Matthew Read comments on Saba’s USA requisition in Jonathan Jones’ article: “In a repeat of its previous tactics, it seems intent on repeatedly requisitioning USA in the hope that other shareholders eventually tire of the process, allowing it to gain control of the board through a war of attrition.” Read the article here
David Batchelor comments on Saba’s wind-down GSF proposals in Patrick Sanders’ article: “We agree with Saba that GSF’s discount is too wide, but its attempt to force a wind-down at this point is way too short-term in our view, and risks eroding significant value by turning GSF into a forced seller.” Read the article here
James Carthew comments on Pershing Square’s revamp in Val Cipriani’s article: “The portfolio feels increasingly mainstream to me and I am struggling to see how the 1.5 per cent annual management fee is justified,” Read the article here
