Patrick Hosking, Financial Editor, The Times, Saturday December 23 2023: A London-listed specialist in wind and solar farms has sparked a storm in the renewable energy sector with a hostile £745 million bid for a smaller rival. Octopus Renewables Infrastructure Trust disclosed that earlier private approaches to Aquila European Renewables had been rejected three times […]
James Baxter-Derrington, Investment Week, 22 December 2023: Octopus Renewables investment trust (ORIT) has made several attempts to engage with Aquila European Renewables (AERI) over 2023, in a bid to merge the two vehicles. According to a regulatory filing this morning (22 December), the £506m market cap ORIT has “sought on several occasions” during 2023 to […]
Kathleen Gallagher, Citywire Investment Trust Insider, 22 Dec 2023: Octopus Renewables Infrastructure (ORIT) is determined to bring its net asset value to £1bn through a merger with Aquila European Renewable (AERI) but the board of the latter appears to need some convincing. ORIT, which has a £604m portfolio, said there is ‘compelling logic’ to create […]
Valeria Martinez and James Baxter-Derrington, Investment Week, 20 December 2023: The law firm representing Home REIT investors has progressed legal action against the trust and its former adviser, Alvarium, which today (20 December) reported its portfolio is now worth less than half of what it spent on acquisitions… In a regulatory update today, the trust […]
James Carthew in The Investment Trusts Handbook 2024: James Carthew reviews a tough year for the alternative asset trusts In the years following the global financial crisis, the investment companies industry boomed as investors in search of income poured money into alternative assets. Not everything worked. Aircraft leasing and reinsurance funds proved to be notable […]
Investment trust insider on 2023 – James Carthew: Dramatic 2023 leaves sector radically different The rationalisation of the sector continues. There has been a flurry of announcements over the past couple of weeks: Abrdn Diversified Income and Growth (ADIG) announced a managed wind down; Triple Point Energy Transition (TENT) declared it will begin an orderly […]
by Jennifer Hill from interactive investor, 18th December 2023: Investors looking to bag a bargain need look no further than the investment trust sector where risk-off sentiment has this year sent discounts to levels not seen since the financial crisis. At the end of 2021 – before the war in Ukraine fuelled energy and food […]
by Dave Baxter, Investors’ Chronicle, 15 December 2023: The optimists would have you believe that the worst is finally over for the investment trust sector. Interest rates have apparently peaked, wide share price discounts are likely to limit further falls and the reform of cost disclosure requirements could remove one of the many challenges facing […]
by Val Cipriani, Investors’ Chronicle, December 13, 2023: Infrastructure trusts have seen their average discounts to net asset value (NAV) narrow in the past month, as the decline of government bond yields brought some good news for the sector. But not all the trusts recovered to the same degree, overall discounts remain wide and the […]
In this week’s edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, talks to James Carthew, director of QuotedData.
