by Val Cipriani, Investors Chronicle, December 13, 2024: A biotech bounce-back has pushed up share prices in the sector, but the UK trust options have barely captured those gains. Even the better performers are up 11-12 per cent this year, while their top holdings have recorded 30-100 per cent share price gains. The most precarious […]
Cristian Angeloni, Investment Week, 11 December 2024: The ability of investment trust non-executive directors (NEDs) to effectively understand and challenge valuations of private companies has been called into question, as demand for private investments rises and regulatory scrutiny intensifies. Appetite for private market opportunities has rapidly increased in recent years, with investment trusts traditionally one […]
James Carthew in The Investment Trusts Handbook 2025: JAMES CARTHEW looks at the increasingly high-profile role that boards of investment trusts have had to play as the sector has de-rated and shrunk over the last three years. In my view, the role of the board is vital to the success or failure of investment companies. […]
by Jennifer Hill from interactive investor, 10th December 2024: While there is less of a “star” fund manager culture these days, it remains important for retail investors to have someone ultimately accountable for performance. And while it can be tempting to simply allocate capital into the strategies of big-name investors, overlooking those whose star is […]
By Emma Wallis, News editor, Trustnet, 10 December 2024: Some of the largest and best-known investment trusts are on the cusp of events that could boost their share prices, narrow their discounts and reward shareholders, including Scottish Mortgage and Pershing Square Holdings.. A significant catalyst for Scottish Mortgage could be its 4.8% allocation to Space […]
Investment trust insider on discounts on European trusts – James Carthew: Grab the value in Europe before the discount players do Political and economic uncertainty is piling up in Europe and that is creating investment opportunities, particularly among smaller company investment trusts. A year ago, I wrote an article about Saba Capital’s dealings with European […]
By ANNE ASHWORTH, Daily Mail, 7 December 2024: An astonishing £52billion worth of UK-listed businesses have succumbed to bids or mergers in 2024, in a feeding frenzy of deals that provokes concern – but also indicates an opportunity. The shrinking of our stock market is bad news for the economy – the pace of departures […]
Faith Glasgow, Financial Times, December 7 2024: Making professional investment decisions on the basis of calls on markets, sectors or investment styles is a mug’s game. That is the suggestion of Craig Baker, global chief investment officer at insurer and institutional investor Willis Towers Watson (WTW), which oversees the recently merged £5bn investment trust Alliance […]
by Val Cipriani, Investors’ Chronicle, December 6, 2024: Bill Ackman’s Pershing Square Holdings (PSH) will buy back $100mn (£79mn)-worth of shares as it attempts to close a persisting discount to net asset value (NAV), after a difficult second half of the year for the trust. Ackman’s vehicle has been unpopular with investors recently despite an […]
Investment trust insider on Trump, climate change and the environment – James Carthew: The renewable trusts in Trump’s firing line President-elect Donald Trump could row back policies including the US Inflation Reduction Act, which would knock trusts with exposure to tax credits and tariffs In recent weeks, I’ve been looking at the possible impact of […]
