NextEnergy Solar (NESF), the 17%-yielding renewables fund on a 40% share price discount, is to update investors on its strategic review on 11 March.  NESF said the review being overseen by new chair Tony Quinlan was “progressing well” as it reported a further 3.9p, or 4.4%, fall in net asset value (NAV) per share to […]

UK inflation dropped to 3% in January, its lowest level since last March, according to the Office for National Statistics. Growth in the consumer price index fell from 3.4% in December, driven by lower food and petrol prices, but is still above the Bank of England’s 2% target. The FTSE 100 rallied 1% to 10,660 […]

Actively managed exchange-traded funds have got off to a strong start in 2026 after their record-breaking 2025, attracting $4.24bn (£3.13bn) in net inflows in January, according to data from ETFGI. The global increase, nearly three times the $1.6bn invested in active ETFs in January 2025, saw the fledgling sector push on after a year of […]

European Opportunities Trust’s (EOT) underperformance in the half-year to November may have been what tipped the board into announcing a strategic review last Friday, but fund manager Alexander Darwall remains confident in the prospects for his portfolio of “special” companies. Interim results today showed net asset value (NAV) including the annual 2p dividend paid in […]

Sirius Real Estate (SRE) took in £77m from investors yesterday in an accelerated fund raise to complete the €130m (£113m) acquisition of two defence-related investments in Germany. The £1.5bn property company, which invests in business parks in the UK and Germany, raised £77m before costs in a £75m share placing to institutions and a £2m […]

HgCapital Trust’s (HGT) newest shareholder, Valhalla Ventures, has raised its stake for a second time, lifting its position in the private equity fund to 5.4% last Thursday, according to a filing yesterday. Valhalla, the holding company of Preqin founder Mark O’Hare (pictured) and his wife Linda, now owns over 24.7m shares which at Monday’s closing price […]

A buoyant Seraphim Space (SSIT) has unveiled a “substantial” 24% leap in net asset value (NAV) on the back of valuation and contract gains by its four biggest holdings ICEYE, AllSpace, D-Orbit and Hawkeye 360. James Bruegger, chief investment officer at SSIT’s fund manager, Seraphim Space Manager, suggested there could be more to come after […]

The Renewables Infrastructure Group (TRIG) has promised to step up share buybacks after revealing its net asset value (NAV) dropped 5.2% in the last quarter of 2025. With just four months to go before a continuation vote in June brought on by its weak share price, the company’s stock remains stuck on a wide 34.5% […]

Custodian Property Income (CREI) has quickly made good on its intention to expand through acquisition, announcing the purchase of Grove Court Properties, a £36m portfolio that has been family owned for 40 years. It was only on Friday the £408m real estate investment trust said it was in “initial talks” with a number of wealthy […]

Pershing Square (PSH) fund manager Bill Ackman “coerced and bullied” the directors of US real estate firm Howard Hughes into selling his firm Pershing Square Capital Management $900m of new shares last May, lifting its stake to nearly 47%, according to a class action lawsuit filed by the Charter Township of Shelby Fire & Police […]

Reviewing the returns in the active ETF sector in the early weeks of 2026, one company stands out for its negative results, and it is quite a turnaround from last year. Cathie Wood’s Florida-based ARK Investment Management had a storming 2025 (which we covered HERE), with ARK Innovation ETF and ARK Artificial Intelligence & Robotics […]

Diverse Income (DIVI) could be the next investment trust lining up an exit from the closed-end fund sector as it struggles with investor disinterest in UK smaller companies.  In half-year results the board of the £275m UK equity income trust, which mostly invests outside the top FTSE 100 stocks, said it was looking at replacing […]

European Opportunities Trust (EOT) has launched a strategic review in anticipation that its underperformance will trigger a 25% tender offer later this year. Ahead of a continuation vote in October, the £405m investment trust managed by Alexander Darwall said it had consulted with shareholders and concluded now was the right time to review the company’s […]

Valhalla Ventures, the holding company of Preqin founder Mark O’Hare and his wife Linda, raised its new position in HgCapital Trust (HGT) from 3.3% to 4.4% on Tuesday, a disclosure showed yesterday. Preqin, an alternative assets data provider was bought by BlackRock for £2.5bn in 2024, netting a £2bn windfall for the company. At 463p […]

The Association of Investment Companies (AIC) has written to the Financial Conduct Authority (FCA) and the Department for Business and Trade (DBT) demanding measures to protect shareholders following Saba Capital’s call for a third meeting to remove the board of Edinburgh Worldwide (EWI). The trade body, which represents 276 London-listed investment companies with assets of […]

Invesco Bond Income Plus (BIPS) has raised £25m in the share issue it launched last month. Although the fund raise expands the £425m investment company by just 6%, the offer was comparatively well supported by private investors attracted by its covered 7% dividend yield. Over 6.6m shares were bought in the WRAP retail offer, 46% […]

German fund manager DWS has launched the Xtrackers Floating Rate Notes Active UCITS ETF (XFLN), the first actively managed exchange-traded fund targeting euro FRNs. The Irish-domiciled and Deutsche Börse-listed fund carries a total expense ratio (TER) of 0.12% and aims to beat the iBoxx EUR FRN Investment Grade 0–3Y Capped index. XFLN is designed for […]

Saba Capital has sought to deflect criticism of its third attempt to replace the board of Edinburgh Worldwide (EWI) by proposing a full cash exit near net asset value (NAV) for shareholders who don’t want to remain invested in the investment trust dominated by the activist hedge fund. Saba, which holds just over 30% of […]

Brunner (BUT) has promised to protect shareholders’ capital from excessive AI speculation after underperforming the “extraordinarily narrow” market rally in its last financial year. Annual results show the £635m global equities investment trust, whose quality growth stock portfolio is managed by Julian Bishop and James Ashworth at Allianz Global Investors, made a total underlying return […]

Bellevue Healthcare (BBH) will hold a general meeting on 4 March for shareholders to approve the investment policy of its proposed new fund manager, Columbia Threadneedle, but the deal could fall apart if the investment trust shrinks too much in a 100% tender offer. In an example of good corporate governance, BBH is offering shareholders […]

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% […]

Pershing Square (PSH) fund manager Bill Ackman has revealed he bought ‌a $2bn stake in Meta Platforms (META) last November, betting the Facebook and Instagram owner ‌will benefit from its huge expenditure on artificial intelligence which is forecast to rise to $135bn from $72.2bn in 2025. In an annual presentation to investors in the £8bn […]

The Renewables Infrastructure Group (TRIG), the £1.7bn renewables fund labouring under a 36% share price discount, has announced a £200m private debt placement to reduce its £398m revolving credit facility by the same amount. It comprises of two fixed rate loans, one in sterling for £100m and another in euros for €115m. James Carthew at […]

Picton Property Income (PCTN) rallied nearly 6% after the UK real estate investment trust said LondonMetric Property (LMP) had taken an interest in the strategic review and sale process it began last month. Shares in the £452m REIT rose 4.7p, or 5.6%, to 87.8p as the company said it looked forward to progressing discussions with […]

Invesco Bond Income Plus (BIPS) has announced the price at which it will issue new shares in the two-week fund raise closing tomorrow. Investors who have subscribed in the institutional placing and retail offer will buy their shares at 173.28p. That is 0.75% above the net asset value announced by the bond fund yesterday, which […]

Mark and Linda O’Hare, the couple who made £2bn selling their Preqin data firm to BlackRock two years ago, are backing HgCapital Trust (HGT) to recover following last week’s share price slide. Valhalla Ventures, the holding company that owned Preqin and sold it for £2.5bn cash to BlackRock in 2024, yesterday disclosed a 3.3% stake […]

Smithson (SSON) shares have been suspended after more than 99% of shareholder votes yesterday approved the liquidation of the £1.5bn investment trust ahead of its conversion to the open-ended Smithson Equity Fund. Turnout was low, however, with just 26.9% of shares in the global small-cap portfolio voted. This was the first of two general meetings […]

Digital 9 Infrastructure (DGI9) shares have tumbled to an all-time low after the two-year wind-down of the investment company received another setback with news that a previous £213m stake in UK broadcasting platform Arqiva was likely to be written off as part of its forthcoming 31 December valuation. Shares in the former Triple Point managed […]

International Biotechnology Trust (IBT), the top performer in its sector over 10 years, has had to correct net asset value (NAV) statements published last month after an administrative error meant the 15.6p dividend declared in December was not deducted from the NAV. As a result 15 “cum income” NAVs issued in January have been revised. […]