Saba Capital, the scourge of UK investment companies, has joined efforts to throw a lifeline to investors stuck in three US listed private credit funds run by Blue Owl which have been hit by the recent sell-off in software companies. Saba, the New York-based activist hedge fund, has joined with Cox Capital Partners, a provider […]
Schroders (SDR), the FTSE 100 fund management group, has accepted a £9.9bn cash offer from US investment group Nuveen. Nuveen, the investment management arm of the Teachers Insurance and Annuity Association of America, has agreed to pay 612p per share for Schroders shares comprising of 590p cash plus a 22p dividend. The cash is 29% […]
US activist hedge fund Saba Capital has hired corporate broker Sir James Waterlow, former partner at Singer Capital Markets, to take up a new role of UK managing director. In the new position, Waterlow will work alongside Saba portfolio manager Paul Kazarian who has spearheaded the New York firm’s investments in UK investment companies. The […]
State Street has listed an active global smaller companies exchange-traded fund (ETF) in London as the Boston-base US banking and asset management group steps up expansion in Europe. The State Street World Small Cap Enhanced Active Equity UCITS ETF (SWSC) is one of three dollar-denominated active ETFs launched by its investment management business in Dublin […]
NatWest (NWG) bank has made a big expansion in UK wealth management by snapping up Evelyn Partners for £2.7bn. Confirming weekend reports that NatWest was close to a deal with Evelyn’s private equity owners Permira and Warburg Pincus, the bank this morning confirmed its plan to create the UK’s leading private banking and wealth management […]
Citi has closed its Velocity white-label ETF platform less than a year after launching the challenger to specialist providers HANetf and Waystone. A spokesperson for the bank told ETF Stream, which first reported the news: “Citi’s markets business made a strategic decision to retire its Citi Velocity ETFs platform in Europe following a review of market conditions. […]
JP Morgan, the dominant player in the European active ETF market, has issued a notice to shareholders informing them that they are removing a long-standing constraint on investment in defence companies. Previously, the 13 active ETFs concerned – along with a range of other funds – were restricted to a 10% revenue threshold for conventional […]
Columbia Threadneedle, the US fund management giant behind F&C (FCIT) investment trust, has joined the influx of North American groups expanding into the European active exchange-traded funds (ETF) market. The launch of the Dublin-based US and European Equity Active ETFs represents an extension of its $29bn QR (Quant Redefined) business in the US, the Boston-based […]
ARK Investment Management – the Florida-based firm founded and run by Cathie Wood – occupies the top two positions for European active ETF performance in 2025 (all figures to 19/12/25). Elsewhere in the top five performers, it was European-focused funds that delivered the best returns. Both ARK funds are technology and innovation focused. ARK Innovation […]
US bond giant PIMCO has expanded its exchange-traded fund range with the launch of two active ETFs focused on global and European government bonds. The PIMCO Advantage Global Government Bond UCITS ETF (GOVI) and PIMCO Advantage Euro Government Bond UCITS ETF (EUGO) will seek to outperform their respective benchmarks, the Bloomberg Global Aggregate Treasury and […]
US fund management giant T Rowe Price plans to expand its active ETF business into Europe next year. The Baltimore-based group, which has 1.8trn total assets, told ETF Stream: “Following the success and steady expansion of our ETF offerings in the US, we are now scoping the potential to launch European-listed active ETFs in the […]
After decades of dedication to growing actively managed strategies within listed fund structures, investment trusts and REITs, I thought I had a fairly comprehensive view of the landscape. But reading our latest market overview research, European active ETFS – A growing and evolving market this week was a timely reminder of how much the investment […]
US quantitative investing pioneer Dimensional Fund Advisors has listed two of its systematic active exchange traded funds (ETFs) in London. The Dimensional Global Core Equity and Global Targeted Value Ucits ETFs will have sterling and dollar share classes on the London Stock Exchange and euro shares listed on Xetra in Germany. Dimensional, which has amassed […]
Alternative asset manager, Gresham House (GHE) has announced that it has agreed terms to purchase the Venture Capital Trust (VCT) business of Mobeus Equity Partners LLP (Mobeus) for an upfront payment of £24.0 million, with a further £12.1 million payable over a three-year period, subject to certain criteria being achieved. To fund the purchase, Gresham […]
In a surprise move, Strategic Equity Capital (SEC) has sacked its investment manager and shifted its management contract to Gresham House, the fast-growing investment boutique. Gresham House already manages a trust that looks similar to SEC – Gresham House Strategic. Both funds size up potential investments the way a private equity firm would. They try […]
In light of cov-19, it has been announced this afternoon that Master Investor, the UKs largest private investor show, has been moved to Saturday 5 December 2020. The event was originally scheduled for Saturday 28 March 2020. Click on the following link for more information: https://quoteddata.com/events/master-investor-uks-largest-private-investor-show/
Gresham House buys RESI’s manager – specialist asset manager, Gresham House is buying TradeRisks Limited, which, amongst other things, is the manager of Residential Secure Income REIT. Gresham is paying £7m upfront and up to £4m more subject to the achievement of certain performance targets. TradeRisks has a fund management business and is aslo specialist […]
QuotedData join the Master Investor Show 2019 main stage line-up – QuotedData is, once again, a key sponsor for the Master Investor Show. Edward Marten, QuotedData’s CEO, shall join the Main Stage line-up on Saturday, 6 April, at London’s Business Design Centre. We’d love to see as many of you as we can at the event. […]
Templeton Emerging adds another manager to team – Templeton Emerging Markets Investment Trust has announced that Andrew Ness will be named as a portfolio manager of TEMIT with effect from 17 September, 2018. He will work closely alongside TEMIT’s lead portfolio manager Chetan Sehgal, who continues to serve as director of portfolio management for Global Emerging Markets […]
Gresham House proposal of acquisition and placing of new ordinary shares – Gresham House (GHE) has announced two proposals today. Firstly, it is planning to acquire an alternative investment fund manager and secondly to raise approximately £15.0m by a placing of new ordinary shares. Aquisition Gresham House is a specialist alternative asset manager and it is looking to […]
Impax Environmental Markets investing firmly into the ecological zeitgeist- Impax Environmental Markets (IEM) has reported a strong year of performance, although the NAV of the company underperformed its environmental comparator index, the FTSE ET100, follows the Company’s 15.4% outperformance in 2016 In its annual financial report for the year ended 31 December 2017, the company reported that accelerated earnings growth and continuing merger […]
LMS Capital has announced proposals to change its investment policy and to return up to GBP6 million to Shareholders through a tender offer and repurchase of up to 7.72% of the issued share capital of the Company at a 5 per cent. discount to its net asset value per share as at 30 June 2016. If the […]
Gresham House is to buy Aitchesse, a specialist UK commercial forestry manager, as it continues on its path of transforming itself into a specialist asset management business. A subsidiary, Gresham House Holdings Ltd. (GHHL), has agreed to acquire Aitchesse funded from a combination of cash, loan notes and Gresham House shares. On completion, the Company […]
Gresham House has announced that a group of individuals have come forward with a set of proposals to put to Gresham’s shareholders as an alternative to liquidating the fund. The group consists of Tony Dalwood (ex manager of Strategic Equity Capital), Michael Phillips (ex chief executive of Iimia – which is now Miton, Anthony Townsend (ex […]
