James Carthew comments on Saba’s new UK property stakes in Emma Haslett’s article: “We think Saba’s got so much money that it’s having to find different things to do that it wouldn’t normally do, and so it’s started going after property because it’s ostensibly on big discounts.” Read the article here
James Carthew: Bad structures have robbed investors of potential perks Overly complex company structures have led trusts to become more vanilla in their design, but they are not without their perks. EPE Special Opportunities (ESO) was the second-best performing trust over the first half of 2026 behind Baker Steel Resources (BSRT), which I discussed last […]
Richard Williams comments on latest SEGRO offer from Prologis in Michael Nelson’s article: “A larger exchange ratio and cash element will be well received, and although SEGRO has argued it has a clear valuation route to £13 per share, investors may well be tempted by ‘jam today’ rather than the promise of ‘jam tomorrow’.” Read […]
Richard Williams comments on new possible IEM manager in Patrick Sanders’ article: “We wait to see whether, as many suspect, Saba will be elected as manager..It will be unprecedented if it is.” Read the article here
Richard Williams comments on IEM board move in Michael Nelson’s article saying the move comes as no surprise and that if Saba is elected as manager, “as many suspect”, it would be unprecedented. Read the article here
James Carthew comments on GPM in Helen Kirrane’s article: “I can envisage the team asking the board for more leeway to invest in larger-cap stocks if we look set to enter another period where small-cap lags larger-cap by a wide margin.” Read the article here
James Carthew comments on Indian equities in Helen Kirrane’s article: “The previous story was that Indian equities had become very expensive and then there was a long period where nothing really happened, and I think that we are maybe starting to come through the other side of that,” Read the article here
Matthew Read comments on NESF’s sale move in Michael Nelson’s article: “There is no guarantee that NESF will attract a bid at an acceptable price, but NESF’s board finds itself in a difficult position and testing the market looks sensible although, like BSIF, we would be sorry to see NESF go.” Read the article here
James Carthew: Baker Steel is 2026’s unexpected winner The concentrated mining fund outperformed all other trusts in the first half of the year with a 65% share price return. The AI theme dominated among the best-performing investment trusts over the first half of the year. There were the obvious tech names driving returns such as […]
Matthew Read comments on the tender result in Robin Amos’ article: “This has been one of the investment company sector’s great long-term success stories and, under Katie Potts, it offers a genuinely differentiated exposure to smaller quoted technology companies that is hard to replicate elsewhere. With around £650m of net assets remaining, the trust still […]
