Account
Sign Up Login Investor Type
Menu

Investment Companies News

Investment companies are companies set up to make investments on behalf of their shareholders (also called closed-end funds and, in specific circumstances, investment trusts).

17 Jan 2024
230209 morning

QuotedData’s morning briefing 17 January 2024 – RICA, ACRM, APEO, SHED, PRSR

In QuotedData’s morning briefing 17 January 2024: Ruffer Investment Company (RICA) has provided an update for the six months to December 31 2023. The NAV total return was 0.6% and the share price total return was 0.3%. For the calendar year this was -6.2% and the share price total return was -10.6%. The managers note […]

Companies
16 Jan 2024
190718 - oakley capital

OCI announces investment in Steer Automotive Group

Oakley Capital Investments Limited (OCI) is pleased to announce that Oakley Capital Fund V2 has agreed to acquire Steer Automotive Group, the UK’s leading B2B automotive services platform. OCI’s indirect contribution via Fund V is expected to be up to £90 million (note that the above figure only relates to OCI’s share of Oakley’s overall […]

Sectors
16 Jan 2024
a newspaper sticking out of a grey letterbox

QuotedData’s morning briefing 16 January 2024 – CORD, WKOF

In QuotedData’s morning briefing 16 January 2024: Cordiant Digital Infrastructure Limited (CORD) announced that Belgian foreign direct investment approval has been granted and the acquisition of Norkring België for total consideration of €6.2 million from Telenor Communication II AS and Participatiemaatschappij Vlaanderen NV has completed. Norkring operates 25 communication and broadcast towers in Belgium. Weiss […]

15 Jan 2024
a cup of tea, a croissant and some magazines

QuotedData’s morning briefing 15 January 2024 – RMII

In QuotedData’s morning briefing 15 January 2024: RM Infrastructure Income (RMII) has announced that it was successful in a legal claim against the former main contractor for its student accommodation located in the city centre of Coventry, UK. RMII was awarded circa £1.2m by the adjudicator, with circa 90% of said sums now having been […]

12 Jan 2024
QuotedData’s weekly news show 23rd June 2023 with Jonathan Hick from Triple Point Energy Transition

QuotedData’s weekly news update 12th January 2024

Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • Atrato Onsite Energy (0:22) • LXi/LMP merger (9:57) This week’s interview was with Tim Levene from Augmentum – watch it again here.  

Sectors
Companies
12 Jan 2024

QD view – Should I stay or should I go?

Tuesday this week (9 January), saw the announcement that Ben Whitmore, a star investment manager at Jupiter focused on value equities, would be leaving to set up his own investment management firm. This is no small development for Jupiter as Ben is a popular manager responsible for a significant portion of the firm’s AUM (he […]

Geographies
  • Europe (EU and EEA ex UK)
  • Global
  • North America
  • UK
Sectors
Companies
12 Jan 2024

Balanced Commercial Property Trust sells trio of offices for £42.8m

Balanced Commercial Property Trust has agreed the sale of three office holdings in a strategic move to reduce its office exposure. The sale comprises two regional out-of-town business park holdings in Edinburgh and Aberdeen and a multi-let asset in London’s West End. The sales have been agreed at an aggregate sale price of £42.8m, representing […]

Sectors
12 Jan 2024
a notepad and pen sitting next to a cup of coffee in a blue cup and saucer

QuotedData’s morning briefing 12 January 2024 – PIN, SERE

In QuotedData’s morning briefing 12 January 2024: Pantheon International (PIN) has agreed a private placement of US$150m (£118m equivalent) of loan notes that have been structured over different maturities of 5, 7 and 10 years, resulting in a weighted average maturity of 6.9 years. PIN says that the loan notes were three times oversubscribed at […]

11 Jan 2024
a pair of scissors cutting a red ribbon

Industry gets behind demand for change on cost disclosures

Since October 2023, we have been keeping you up to date with the investment companies industry’s fight to address misleading cost disclosures. Yesterday, we joined with around 300 co-signatories in submitting a response to HM Treasury’s call for comments on its proposed solution. You can read the document here. It is more than a little […]

11 Jan 2024
A family of four walking into the gate of LXI's Warwick Castle

LXi and LMP agree on merger terms

The boards of LondonMetric and LXi have reached agreement on the terms of a recommended all-share merger. LondonMetric will acquire the entire issued and to be issued ordinary share capital of LXi as the merger is effected by means of a scheme of arrangement under Part 26 of the Companies Act. Each LXi shareholder will […]

Sectors
11 Jan 2024
view of Neuberger Berman's office at night

NB Private Equity sets out approach to capital allocation

NB Private Equity has just announced its latest dividend. William Maltby, the chairman said “Today’s announced $22m dividend represents the 23rd consecutive dividend payment to be made to shareholders, taking total capital returned to shareholders via dividends to $338m since 2013. Given the continued strong realisation activity in the portfolio, with $171m of realisation proceeds […]

11 Jan 2024
the bow of a vessel in red next to Tuftn's logo on a black background

Tufton Oceanic sells two vessels

Tufton Oceanic Assets has agreed to sell two Handysize Product Tankers, Pollock and Dachshund, for a total of $41.75m, which represents a 3.1% premium to the two vessels most recent holding NAV of $40.5m. The price helps confirm Tufton’s NAV methodology, while also demonstrating its ability to divest portfolio vessels at or above NAV. The […]

11 Jan 2024
A,Worker,On,Rooftop,Kneeling,Next,To,Solar,Panels,With

Atrato Onsite looking for ways to grow, maybe alongside strategic investors

Atrato Onsite Assets reports that for the 12 months ended 30 September 2023, its NAV total return was 4.6%. The NAV per share slipped slightly from 92.8p to 92.0p but the dividend was increased from 3.01p to 5.0p. The dividend target for the current financial year is 5.5p and the board says that the 12-month […]

11 Jan 2024
a newspaper sticking out of a grey letterbox

QuotedData’s morning briefing 11 January 2024 – SONG, EDIN, BEMO

In QuotedData’s morning briefing 11 January 2024: Hipgnosis (SONG) says that Sylvia Coleman has resigned as independent non-executive director with immediate effect. Robert Naylor (the chairman) thanked her for the help she provided to him and and his fellow new board directors over the last few months, and wished her all the best for success […]

Companies
10 Jan 2024
Jupiter's Ben Whitmore against a purple (alliance trust colours) background

Alliance Trust monitoring the situation at Jupiter

Jupiter Asset Management has announced that Ben Whitmore, the current manager of the Jupiter UK Special Situations Fund (assets under management – AUM – of £2.1bn), Jupiter Income Trust (AUM £1.6bn), Jupiter Global Value Unit Trust (AUM £1.0bn) and Jupiter Global Value SICAV (AUM £0.5bn), and segregated mandates with a further £4.8bn of AUM – […]

10 Jan 2024
two men in suits shaking hands against a blurred backdrop of other people in business attire

Sizeable proportion of Henderson Diversified shareholders opt for HHI shares

Given the choice between cash and shares in Henderson High Income, it was good to see that a sizeable proportion of Henderson Diversified Income shareholders opted to roll over their holding into Henderson High Income. The elections in connection with the scheme were: Rollover option: 100,050,505 shares Cash option: 82,022,212 shares On a temporary basis, […]

Sectors
10 Jan 2024

abrdn Diversified Income and Growth begins wind down

abrdn Diversified Income and Growth (ADIG) announced its annual report for the period ending 30 September 2023. The company’s NAV total return was +0.4%. In line with wider market volatility affecting the whole investment trust sector, the discount continued to widen to 25.7% as shares fell just over 6.9% over the year; this represented a […]

Sectors
10 Jan 2024
two hands cradle a coffee cup with a feathered patter on top, both rest on a newspaper, a pen and a pair of glasses are also on the paper

QuotedData’s morning briefing 10 January 2024 – GSF, RKW, MINI

In QuotedData’s morning briefing 10 January 2024: Gore Street Energy Storage Fund (GSF) provided an update for the three months to 31 December 2023. The quarter continued to highlight the stability of the company’s revenue, with the portfolio generating an estimated £15.1/MW/hr, consistent with the £15.1/MW/hr generated during the prior six months to 30 September […]

Companies
09 Jan 2024
a notepad and pen sitting next to a cup of coffee in a blue cup and saucer

QuotedData’s morning briefing 9 January 2024 – UTG, CREI, HHI, HDIV

In QuotedData’s morning briefing for 9 January 2024: Unite Group (UTG) has released fourth quarter 2023 valuation information on its student accommodation portfolio. The group’s USAF property portfolio (27,922 beds in 71 properties across 19 university towns and cities in the UK) was independently valued at £2,992m at 31 December 2023, a 2.1% increase on […]

Companies
08 Jan 2024
230124 morning

QuotedData’s morning briefing for 8 January 2024 – AERI, CORD, SMIF, ICG, CLDN, RTW, LMP, PSDL

In QuotedData’s morning briefing for 8 January 2024: Aquila European Renewables (AERI) has announced that it has entered into a €50m five-year debt facility with ING Bank N.V. Sucursal en España. The facility is secured by AERI’s wholly owned Spanish solar PV portfolio, with the leverage equal to 26%. The pricing of the debt remains […]

Companies
05 Jan 2024

QD view – Our analysts’ top picks for 2024

As we begin another year here at QuotedData, we thought we’d have some fun and challenge our analysts to come up with some ideas for investment companies that they like and think could do well over the course of 2024. To keep things interesting, each analyst has been asked to select two ideas – one […]

Geographies
  • Asia
  • Europe (EU and EEA ex UK)
  • Global
  • North America
  • UK
Sectors
Companies
05 Jan 2024

Maggie Fanari becomes CEO of J Rothschild Capital Management

RIT Capital Partners (RCP) has announced that, after an extensive international search, Maggie Fanari will take up the role of CEO of its investment manager, J Rothschild Capital Management Limited, (JRCM) in March 2024. Maggie has long experience of leading successful teams investing across asset classes and geographies in one of the largest and most […]

04 Jan 2024

Letting success for Tritax EuroBox in Sweden

Tritax EuroBox has let the first phase of its two-unit development in Rosersberg, a prime logistics location near Stockholm. The 5,007 sqm letting reduces the company’s portfolio vacancy rate to 4.3%. A new five-year lease has been signed with a leading Scandinavian photovoltaic (PV) company at a rent that is 3% above the estimated rental […]

Sectors
04 Jan 2024
view of Arc de Triomph at dusk

European Assets lags benchmark over 2023

European Assets says that its NAV total return (capital performance with dividends reinvested) for 2023 was 8.2% in Sterling (10.8% in Euros). The Sterling share price total return for the year was 4.9%. These compare with the Benchmark (a blend of MSCI Europe excluding United Kingdom Small Mid Cap (Net Return) Index – which is […]

04 Jan 2024
bundles of newspapers tied up with string

QuotedData’s morning briefing 4 January 2024 – DGI9, LABS

In QuotedData’s morning briefing 4 January 2024: Digital 9 Infrastructure (DGI9) says that Keith Mansfield has decided to step down as a director with immediate effect. The board has made some changes: Aaron Le Cornu is appointed chair of the Audit Committee and Brett Miller will join the Audit Committee. Brett Miller is appointed chair […]

03 Jan 2024

QuotedData’s morning briefing 3 January 2024 – IGC

In QuotedData’s morning briefing 3 January 2024: India Capital Growth says that 15,159,876 shares, equivalent to 15.7% of its issued share capital, have been submitted to its annual redemption facility. The redemption price will be annouunced on 8 January 2024. [That is quite a blow for a fund that has delivered a 35% share price […]

02 Jan 2024
BioPharma Credit leads new $315m loan to Sebela

BioPharma Credit provides update on LumiraDx loan

On December 29, 2023, LumiraDx Limited announced that Andrew Johnson, Lisa Rickelton and Lindsay Hallam of FTI Consulting had been appointed as joint administrators of two of its subsidiaries, LumiraDx Group Limited and LumiraDx International Limited, which hold the assets of the LumiraDx group. Following their appointment, the administrators have entered into a sale and […]

Geographies
  • Europe (EU and EEA ex UK)
  • North America
  • UK
Sectors
02 Jan 2024

QuotedData’s morning briefing 2 January 2024 – EAT, RSE, CVCG

In QuotedData’s morning briefing 2 January 2024: European Assets Trust (EAT) announced that as part of an orderly succession plan, Kate Cornish-Bowden has today been appointed to the board and its committees. Kate Cornish-Bowden is the chair of International Biotechnology Trust, and a non-executive director of Finsbury Growth & Income Trust and CC Japan Income […]

Companies
28 Dec 2023

Chenavari Toro Income Fund hits its targets despite its widening discount

Chenavari Toro Income Fund (TORO) has released its annual results for the year ending 30 September 2023: TORO reported a NAV total return of 11.25% for the year, and a negative share price total return of (4.27%). TORO’s NAV return exceeded the 10% target it sets itself. Gross performance contribution for the year can be […]

Sectors
28 Dec 2023
a cup of coffee sits on a wooden board

QuotedData’s morning briefing 28 December 2023 – DSM

In QuotedData’s morning briefing for 28 December 2023: The board of Downing Strategic Micro-Cap Investment Trust (DSM) has provided an update on its plans to return capital to shareholders. The board had previously concluded that the best option would be a managed wind down of the investment portfolio. Having worked closely with the investment manager, […]

More News

Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.

You live in…

You are a…