AVI Japan Opportunity (AJOT) has seen 10.9%, or £47.7m, of shares tendered in its annual 100% exit opportunity following its merger with Fidelity Japan in November. The £438m investment trust will buy the nearly 26.9m of shares that were tendered at a 2% discount to net asset value at a price to be announced later […]
Edinburgh Worldwide (EWI) has published its annual report, confirming the dramatic doubling last month in the valuation of SpaceX, its biggest holding. In so doing, the results for the year to 31 October underline the strength of the investment trust’s argument against Saba Capital, the 30.7% shareholder that is attempting to seize control of its […]
Picton Property Income (PCTN), a £400m real estate investment trust that has previously spoken of its ambition to be an acquirer in a consolidating sector, has put itself up for sale. Launching a strategic review in response to the persistent undervaluation of its shares, which yesterday closed at a 24% discount, chair Francis Salway said […]
Saba Capital has lifted its stake in SDCL Energy Efficiency Income (SEIT) from 10% to 11%. Most of the position is in total return swaps. Shares in the £564m renewable energy infrastructure fund stand on a 41% discount. Last month its board warned it may not recommend shareholders vote for the company’s continuation this year after debt […]
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 […]
Finsbury Growth & Income (FGT) fund manager Nick Train has revealed he had been “definitely thinking about” investing in Rolls-Royce (RR), the UK aerospace and engineering group that has made a stupendous three-year recovery under chief executive Tufan Erginbilgic. News that Train has held off buying a stock that has soared from 106p to nearly […]
(Update) Baillie Gifford has issued a statement clarifying the decision to sell a third of Edinburgh Worldwide’s stake in SpaceX “was not made to facilitate a merger” with Baillie Gifford US Growth (USA). Responding to questions asked by activist hedge fund Saba Capital, which has accused the board of Edinburgh Worldwide (EWI) of acting in […]
RTW Biotech Opportunities (RTW), the tenth-best performing investment company last year, has backed the first biotech flotation of 2026. Atkis Oncology raised $318m by listing on Nasdaq on Friday at $18 a share, giving RTW a 12.6% uplift on the cancer specialist that accounted for 0.6% of its assets at 30 November. The stock rose […]
Federal Reserve chair Jerome Powell has denounced an “unprecedented” investigation by the US justice department into evidence he gave to the Senate as politically motivated and the latest example of President Trump’s anger at him for not cutting interest rates more quickly. Responding to news that the Federal prosecutors on Friday served the agency with […]
Regular followers of QuotedData’s coverage of investment companies, and, increasingly ETFs, will hopefully know that, as each new year approaches, we ask each of our analysts to come up with a couple of stocks ideas for the year ahead. One is a relatively mainstream core investment idea, and the other is a spicier idea that […]
Jonathan Simpson-Dent, chair of Edinburgh Worldwide Investment Trust, urges shareholders to vote against Saba for the trust’s long-term future. Learn more about the upcoming vote: Edinburgh Worldwide Investment Trust | Individual Investors | Baillie Gifford Capital at risk.
Jonathan Simpson-Dent, chair of Edinburgh Worldwide Investment Trust, urges shareholders to vote against Saba for the trust’s long-term future. Learn more about the upcoming vote: Edinburgh Worldwide Investment Trust | UK Intermediaries | Baillie Gifford Capital at risk.
Seraphim Space (SSIT) has reported a strong end to 2025 across several of its core holdings, as the wider space technology sector continues to transition from speculative promise to commercial execution. The standout news came from ICEYE, which secured a landmark €1.7bn contract with the German Armed Forces via its joint venture with Rheinmetall. Alongside […]
Life Science REIT (LABS) has reported a 7.8% fall in its portfolio valuation over the second half of 2025, with its EPRA NTA per share declining by 13.0% over the same period. As at 31 December 2025, the portfolio was valued at £332.6m, down from £360.6m at 30 June 2025. The unaudited EPRA NTA stood […]
Unite Group (UTG), the UK’s largest provider of purpose-built student accommodation, has launched a £100m share buyback programme alongside the release of its Q4 update, which has reaffirmed earnings guidance and provided further clarity on developments, lettings and fund valuations. The buyback, set to run until June 2026, reflects the company’s revised capital allocation strategy […]
The board of Edinburgh Worldwide Investment Trust (EWI) has received another significant endorsement in its battle to fend off activist investor Saba Capital. Glass Lewis, the independent proxy advisory firm, has recommended shareholders vote against all of Saba’s proposals at the upcoming requisitioned general meeting scheduled for 20 January 2026. We have also written an […]
Herald Investment Trust (HRI) has announced plans to launch a tender offer allowing shareholders to realise up to 100% of their shares at close to NAV. The move is aimed at resolving ongoing tensions with activist investor Saba Capital, which holds approximately 30.7% of the company. The Board says the tender offer gives shareholders a […]
Update: The first investment company merger of the new year has been announced with Shires Income (SHRS) agreeing to fall on its sword and merge with stablemate Aberdeen Equity Income (AEI). Shires, a £123m, 5%-yielding UK equity income trust run by Aberdeen’s Iain Pyle, will enter into voluntary liquidation with shareholders able to roll over […]
Palace Capital (PCA) has hit back at Lakestreet Capital Partners’ move to oust its executive chair Steven Owen, accusing the Swiss investment company of exhibiting “clear misunderstandings” of the UK property business. While confirming it would convene the general meeting requisitioned by its 22.5% shareholder, Palace Capital said Lakestreet’s announcement this week that it wanted […]
Finsbury Growth & Income (FGT) fund manager Nick Train has lifted his personal stake in the £973m UK equity income trust to 4.9%. Following the purchase of 25,000 shares at 824p yesterday, he owns a total of just over 5.7m shares. The manager, who has a long record of buying shares in his funds, is […]
Bearish investors pulled £6.7bn from open-ended equity funds last year, with the total withdrawn from UK equity funds hitting over £54bn in the past decade, according to data from funds network Calastone. Underlining the poor sentiment weighing on closed-end investment companies, where share price discounts remain prevalent, Calastone said the level of outflows from UK-based […]
Saba Capital’s Boaz Weinstein has threatened to sue the board of Edinburgh Worldwide (EWI) if it does not respond to the activist hedge fund’s questions over the partial sale of its prized holding in SpaceX. Doubling down on criticism he made last month, Weinstein issued an open letter to the investment trust’s board, demanding answers […]
Literacy Capital (BOOK), the £260m UK private equity fund, has sold Wifinity, the internet managed service provider and one of its earliest investments, to Arcus Infrastructure Partners for £15m, in line with its previous valuation and will use the money to repay its borrowings. A £400,000 milestone payment is expected later this year from the […]
A review of the very best and worst investment trusts last year with some thoughts on potential recovery plays. Last year will go down as a golden 12 months for investors in listed commodities funds, but shareholders in a variety of emerging market, technology and recovery plays also have cause to celebrate. As precious metals […]
BlackRock Latin American (BRLA) is to hold a 25% tender offer after failing to hit the performance target set by its board over four years ago despite a rebound in 2025. The £118m investment trust, whose portfolio is managed by Sam Vecht and Gordon Fraser, said its US dollar investment returns had lagged the MSCI […]
Gold mining and defence stocks led the FTSE 100 higher on the second day of trading in 2026 as investors responded to the US seizure of Venezuelan president Nicolás Maduro on Saturday. Crude oil prices dipped 0.2% as traders considered the implications for global supply following an inconclusive meeting by members of the OPEC oil-producing […]
Lakestreet Capital Partners is seeking to oust Palace Capital (PCA) executive chair Steven Owen unless he speeds up the wind-down of the UK property investment company and slashes his “excessive” pay. The Swiss investment firm, which has a total stake of 22.5% in the £39m company, has requisitioned a general meeting of shareholders to remove […]
Global Opportunities Trust (GOT) fund manager Dr Sandy Nairn has stepped down from the board of the £98m real return fund as the investment company ends its self-managed status and appoints Juniper Partners as alternative investment fund manager (AIFM). Nairn will retain day-to-day responsibility for the management of the funds and shares portfolio through sub-adviser […]
International Public Partnerships (INPP) has sold a 49% stake of its investment in the Moray East Offshore Transmission Owner (OFTO) to Daiwa Energy & Infrastructure Co for around £42m. The sale price is at a premium to book value, with the transaction expected to complete in the first quarter of 2026. INPP will retain a […]
Digital 9 Infrastructure (DGI9) has completed the sale of its Atlantic and Irish Sea subsea fibre business, Aqua Comms, for £34.0m. This represents a monumental loss of value to shareholders, with it once being valued at $283m. We covered this in detail when the sale was first announced in January 2025, which can be read […]
