Investment trust insider on activists – James Carthew: Tender offer won’t get Saba off European Opps’ back Both the relative and absolute performance of European Opportunities Trust (EOT) have been poor in recent years. There are two main reasons for that – the fraud at Wirecard, which was far too large a position in Alexander […]
By ROSIE MURRAY-WEST, Mail on Sunday, 10 December 2023: The new Wonka movie starring Timothee Chalamet isn’t the only golden ticket in town. This week the gold price hit a record high, coming in at above $2,100 an ounce and making investors wonder if they should add a little lustre to their portfolios. Whether you […]
BY GAVIN LUMSDEN, Citywire Investment Trust Insider, 8 Dec 2023: QuotedData, the investment company analyst that employs our columnist James Carthew, celebrated its tenth anniversary last night. At a bar in the City of London, I found the mood among the crowd of closed-end fund professionals was surprisingly upbeat, perhaps buoyed by the sight of […]
by Cherry Reynard from interactive investor, 5th December 2023: At a time when income is abundant, “enhanced income” strategies have been a surprise hit in 2023. The largest actively managed ETF in the world is now the JPM Equity Premium fund, a covered call strategy with $30 billon (£23.7 billion) in assets, while Morningstar identified […]
Investment trust insider on NB Private Equity – James Carthew: Co-investments give NBPE pick of private equity pie Last week I caught up with Paul Daggett, one of the managers of NB Private Equity (NBPE), as he visited investors in the UK on a trip from his Dallas base. I get a sense that after […]
by Val Cipriani, Investors’ Chronicle, November 30, 2023: A reform of the requirements to disclose costs could increase demand for investment trusts, potentially helping to narrow discounts to net asset value (NAV) in the sector. As part of last week’s Autumn Statement, the government published documents on how it plans to replace the current European […]
by Dave Baxter, Investors’ Chronicle, November 29, 2023: The sharp rise in bond yields has had inescapable implications for many an asset class. With the UK 10-year government bond offering a ‘risk-free’ yield of more than 4 per cent, anything racier needs to justify its place in a portfolio with superior growth or income. A […]
Lauren Hardy, Portfolio Adviser, 27 NOVEMBER 2023: Chrysalis investment trust (CHRY) – a £405m company that invests in later-stage private equity firms – will “stand to benefit” from its investment managers Richard Watts and Nick Williamson leaving Jupiter Asset Management and setting up their own entity to look after the trust, according to several investment […]
Investment trust insider on AVI Global Trust – James Carthew: AVI Global’s a busy diversifier that’s worth a look AVI Global Trust (AGT) and its manager have been busy. It was at the forefront of the campaign to tackle failings at Hipgnosis Songs Fund (SONG); AGT profited from the Pantheon International’s (PIN) tender offer and […]
Lauren Hardy, Portfolio Adviser, 22 NOVEMBER 2023: The Financial Conduct Authority (FCA) has been given the power to overhaul issues with cost disclosure regulation unfairly penalising investment companies, it has been confirmed in the statement accompanying today’s (22 November) Autumn Statement. While the move has been applauded, others are disappointed by the pace of change […]
