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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).

08 Aug 2014

Invista European shaves €5m off debt pile with Spanish sale

IERE : Invista European shaves €5m off debt pile with Spanish sale Invista European Real Estate, managed by Ludovic Berard (pictured), has sold a logistics asset in Alovera, Spain for €12.2m. Their plan is to use €7m of the proceeds from the sale to fund capital expenditure that they have planned elsewhere in their portfolio and […]

Sectors
08 Aug 2014

Renewables Infrastructure buys three more solar parks

TRIG : Renewables Infrastructure buys three more solar parks The Renewables Infrastructure Group has acquired three operational solar parks in Dorset, Norfolk and Cornwall. Combined the parks have the capacity to generate 56.6MW. Parley Court Farm in Dorset is a 24.2MW plant built by Isolux Corsan and attracts a subsidy of 1.6 ROCs. Egmere Airfield […]

08 Aug 2014

Dolphin Capital refinances its Amanzoe project

DCI : Dolphin Capital refinances its Amanzoe project Dolphin Capital has announced that Colony Capital will loan Dolphin’s Amanzoe project €40m. The money will be used to return a €10m deposit from Archimedia, repay a loan from Dolphin Capital and finance the extension of the project. Amanzoe is an Aman beach club, spa, villa and hotel […]

Sectors
07 Aug 2014

John Laing Environmental says fire will not affect dividend

JLEN : John Laing Environmental says fire will not affect dividend A fire that struck John Laing Environmental’s Frog Island Mechanical Biological Treatment Facility in East London has been brought under control. The full extent of the damage is still being assessed. The facility is fully insured and John Laing Environmental says it expects the […]

07 Aug 2014

JPMorgan American technology overweight pays off

JAM : JPMorgan American technology overweight pays off JPMorgan American, managed by Garrett Fish (pictured), has published its interims for the period to end June 2014. It outperformed its benchmark over this period, delivering a net asset value total return of 4.1% vs. a 3.6% return on the S&P500 Index. The return to shareholders was 4.2%. […]

Sectors
07 Aug 2014

Kennedy Wilson Europe buys exposure to 99 assets in four months

KWE : Kennedy Wilson Europe buys exposure to 99 assets in four months – and keeps going Kennedy Wilson Europe has published its first set of figures since listing late in February 2014 (the second largest real estate IPO on the LSE ever). They show that by the end of June 2014 it had spent […]

Sectors
07 Aug 2014

NewRiver Retail sells Bramley Shopping Centre in Leeds

NRR: NewRiver Retail sells Bramley Shopping Centre in Leeds Bramley Shopping Centre has 54 units spread across 121,342 sq ft. The units are let top the likes of Tesco, Farmfoods, Boots, Bright House, Greggs and Pound Stretcher. NewRiver Retail bought the property in 2010 as part of a package of five centres and, over the […]

06 Aug 2014

IEM: Impax Environmental Markets says not holding Tesla unhelpful

Impax Environmental Markets says not holding Tesla unhelpful Impax Environmental Markets has published results for the first six months of 2014. Over this period the total return on the net asset value was 2.9% and the return to shareholders was 2.8%. This represents an underperformance of the FTSE ET100 Index (which returned 5.9%) but is […]

Sectors
06 Aug 2014

PEW : Premier Energy and Water outperforms in H1

Premier Energy and Water outperforms in H1 Premier Energy and Water’s interims for the period ended 30 June 2014 that show the fund generating a total return ahead of the FTSE All-World Utilities Index (fund returned 12.6% vs. the index’s 12.4%) and well ahead of the FSE All-Share Index which returned 1.6%. Thanks to the gearing effect […]

06 Aug 2014

HGT : Hg Capital sells stake in Voyage Care

Hg Capital sells stake in Voyage Care Hg Capital Trust will get £8.4m in cash as its share of a £375m deal where Duke Street, Partners Group and Tikehau are acquiring Voyage Care. Voyager Care is a provider of specialist residential services and supported living for people with learning disabilities, associated physical disabilities, autistic spectrum disorders, acquired brain injuries […]

05 Aug 2014

PTF : Phaunos Timber Fund needs to raise cash

Phaunos Timber Fund needs to raise cash as one of its holdings, Greenwood Timber, looks likely to make a cash call on the company and one of its main revenue producing assets, the New Zealand timber plantation at Mataraki, has suspended its dividends as a consequence of falling timber prices in China (as cautioned earlier […]

05 Aug 2014

RSE : Riverstone Energy – Liberty II Bakken Asset Deal

Riverstone Energy – Liberty II Bakken Asset Deal Liberty II Resources, one of the handful of companies that Riverstone Energy has invested in, is exchanging 31,500 acres of its holdings in North Dakota’s Williston Basin for an additional 4,175 acres in Williston Basin (located in Williams County) and $78.4m in cash. The deal adds another 30 drilling locations. The […]

05 Aug 2014

TREE: Cambium Global Timberland Final Results

Cambium Global Timberland Final Results have been released. These cover the year that ended on 30 April 2014. Over this time Cambium’s net asset value fell to 40p from 59p. Almost 40% of this relates to currency movements but the bulk relates to changes in the value of their investments. $17.6m was raised from the […]

05 Aug 2014

GWI : Globalworth Real Estate acquisition of Timisoara Airport Park

Globalworth Real Estate acquisition of Timisoara Airport Park Globalworth Real Estate is buying a light industrial complex north east of Timisoara (close to Traian Vuia International Airport in western Romania). Valeo (car parts) and Continental (tyres) occupy c73,000 sqm of space and have options to extend that to c113,000 sqm. Globalworth is paying €18m up front […]

Sectors
04 Aug 2014

LMS Capital : LMS – interims

LMS Capital has published its interim figures for the six months ended 30 June 2014. £40.5m was realised from the portfolio and £40m returned to shareholders by way of a tender during the period. In addition a net £5m was generated from their fund investments. The net asset value rose to 94p from 88p despite […]

04 Aug 2014

JPMorgan Private Equity : JPEL – sale of investment

JPMorgan Private Equity has sold its interest in Parallel Private Equity LP. This fund made investments into European middle-market companies – starting in 2007 / 2008. JPMorgan Private Equity is getting $36.1m for its stake in the fund (a price equivalent to 96.25% of Parallel’s net asset value). The deal also releases JPMorgan Private Equity […]

Geographies
  • Asia
  • Europe (EU and EEA ex UK)
  • North America
04 Aug 2014

Electra Partners : ELTA – acquisitions

Electra Partners has spent £49m adding to its portfolio of holiday parks. It bought two parks – Southview in Skegness, Lincolnshire and Manor Park in Hunstanton, Norfolk – spending £20m of its own money and securing a debt facility from Investec. The two parks bring a nine hole golf course and a four star hotel, the Southview […]

01 Aug 2014

Private Equity Investor : PEQ – finals

Private Equity Investor saw its net asset value fall slightly over the year to the end of March 2014 (from 230.8p to 228.4p) but this was almost entirely attributable to the strength of Sterling over the period as, in US dollar terms (most of the assets are in the US) the net asset value rose by […]

01 Aug 2014

European Assets Trust : EAT – interims

European Assets Trust has published its interim figures covering the six months ended 30 June 2014. Over the period European Assets Trust underperformed its benchmark – the total return on net assets was 2.5% in Sterling terms vs. 6.6% for the Euromoney Smaller European companies ex UK Index. The fund’s rating improved however and so […]

Sectors
01 Aug 2014

Invesco Perpetual Select Trust Balanced Risk portfolio : IVPB – finals

The Invesco Perpetual Select Trust Balanced Risk portfolio, managed by Scott Wolle (pictured), generated a total return on net assets of 5.5% over the year that ended on 31 May 2014. Its discount widened however so that the return to shareholders was 4.5%. The net asset return matched the return on 3 month LIBOR+5%. The biggest […]

Sectors
01 Aug 2014

Invesco Perpetual Select Trust Global Equity Income portfolio : IVPG – finals

The Invesco Perpetual Select Trust Global Equity Income portfolio (managed by Nick Mustoe – pictured) generated a total return on net assets of 9.1% over the year that ended on 31 May 2014. Its discount widened however so that the return to shareholders was 8.3%. This was still better than the return on the MSCI […]

Sectors
01 Aug 2014

Invesco Perpetual Select Trust UK Equity portfolio : IVPU – finals

The Invesco Perpetual Select Trust UK Equity portfolio generated a total return on net assets of 18.3% over the year that ended on 31 May 2014. Its discount widened however so that the return to shareholders was 9.2%. This was still better than the return on the FTSE All-Share Index (+8.9%). The dividend for the […]

Sectors
Companies
31 Jul 2014

Fidelity Japanese Values : FJV – interims

Fidelity Japanese Values saw its net asset value return 4.2% over the six months ended 30 June 2014. This compares favourably with the Russell Nomura mid/Small Cap index which returned 0.9%. The discount widened slightly and the return to shareholders was 3.5%. The fund’s gearing (in the form of contracts for difference) helped but it […]

Sectors
30 Jul 2014

Schroder Real Estate : SREI – disposal

Schroder Real Estate has sold a 9.1 acre site in Hinckley for £4.525m (a £675,000 uplift on the last valuation). The buyer is Redrow Homes who will build houses on the site in Coventry Road, Hinckley – Schroder Real Estate secured planning for 122 residential units last August. The fund gets 50% of the consideration upfront […]

30 Jul 2014

RCM Technology : RTT – interims

RCM Technology has reported its results for the six months ended 31 may 2014. Over that period the net asset value fell by 0.1%, this does not compare well with the return on the Dow Jones World Technology index which gained 7.6%. The share price fell by 3.6%. The result for this period should be set […]

Geographies
  • North America
  • Asia
  • UK
Sectors
30 Jul 2014

Schroder Income Growth Fund : SCF – fee change

Schroder Income Growth Fund has a fee structure today based on a percentage of the net revenue return (10%), a percentage of assets (0.375% on assets up to and including £75m, 0.35% on the next £50m, and 0.325% on assets in excess of £125m) and a performance fee (a symmetrical arrangement where the manager lost […]

Sectors
30 Jul 2014

Foreign & Colonial : FRCL – interims

Foreign & Colonial, which is now managed by Paul Niven (pictured) has released its interims. these cover the first half of 2014. Over that period the net asset value rose by 1.1% and the share price return was 0.8%. By comparison the benchmark return was 3.2%. The UK, North American, European and Emerging Market equity portfolios underperformed comparable […]

Sectors
30 Jul 2014

Japan Residential Investment Company : JRIC – interims

Japan Residential Investment Company has published interim figures for the period ended 31 May 2014. The net asset value climbed from 58.7p to 58.9p and the company paid a distribution of 1.8p per share (covered 94.7% by earnings). The property portfolio rose in value by 1.8% but this was offset by a fall in the […]

Sectors
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