Shaires Holdings (SHR), the AIM-listed investment company offering investors access to a portfolio of unquoted technology and artificial intelligence (AI) companies, including one seeking to revive woolly mammoths, is up and running after raising $14.3m (£10.5m) in this month’s share issue. The former Jade Road Asian private equity fund, which changed its name and investment […]

Glenstone REIT has received acceptances from holders of 2.4%, or over 1.9m, of shares in Alternative Income REIT (AIRE) to its 70p per share, £56.3m cash offer. That’s a big increase from the 0.025% or 17,849 shares it had last week but is short of what the 25.4% AIRE shareholder would have wanted to gain […]

Global X has launched a UCITS ETF giving European investors exposure to 100 of the largest technology and technology-enabled growth companies listed in the US. The Global X NYSE 100 UCITS ETF (NYSX) began trading on the London Stock Exchange and Deutsche Börse Xetra on 20 August. It is an accumulating ETF with a total […]

Fidelity International is planning further hires to its ETF business as the asset manager looks to capitalise on the rapid growth of actively managed ETFs in Europe. The group has made expanding its ETF team a priority and is looking to add staff across product strategy, capital markets and distribution, according to Financial News. Recent […]

Update: Baillie Gifford US Growth Trust (USA) has received a requisition notice from Saba Capital Management, the activist hedge fund holding 29% of its shares. New York-based Saba has put forward Jason Chen, Thomas H McGlade and James Waterlow as candidates for election to the £900m investment trust’s board at its annual general meeting in […]

Activist hedge fund Saba Capital lifted its stake in Syncona (SYNC) from 10% to 11.3% last Wednesday, according to a filing on Friday. Shares in the £659m Guernsey-based life sciences fund stand on a 26% discount below net asset value (NAV) having fallen 43% over five years, although they have gained 15% in the past […]

Updated: Gore Street Energy Storage (GSF) has urged shareholders to vote against the wind-down resolutions tabled by Saba Capital and announced the sale of the first two assets as part of the battery fund’s recovery programme launched in March.  Chair Angus Gordon Lennox warned that the two resolutions the activist hedge fund requested last month […]

Golden Prospect Precious Metals (GPM), the £92m gold mining fund preparing to move to Baker Steel from CQS Manulife, scored a hit with its big share buybacks in the first half of the year. Interim results today show the investment company suffered a 13.6% slide in net asset value (NAV) in the six months to […]

Glenstone, the 25.4% shareholder in Alternative Income REIT (AIRE), says it will resume its push for a managed wind-down of the real estate investment trust if its takeover offer fails, casting doubt on the “subscale” company’s dividend prospects.  With two weeks to go until the deadline for acceptances for its £56.3m cash offer, Glenstone REIT […]

A fireside conversation with ICEYE’s Steve Young and Seraphim Space’s James Bruegger, exploring the growth of space-based intelligence and the increasing role of satellite data in defence, security, and decision-making. Watch below or here.

Schroder Real Estate (SREI) says Peter Lowe, head of UK Real Estate Investment at Schroders Capital, will replace Nick Montgomery as lead manager once its joint acquisition of Picton Property (PCTN) with LondonMetric (LMP) completes. Montgomery, who was promoted to Global Head of Real Estate at Schroders two years ago, will support Lowe, who oversees […]

German asset manager LAIQON has entered the European ETF market with an actively managed equity strategy that uses artificial intelligence to help select and weight stocks. The LAIQON European Equity AI Optimized Active UCITS ETF began trading on Xetra on 12 August under the ticker LQEU, having been developed in partnership with Amundi. The accumulating […]

Temple Bar (TMPL), the best performing UK equity income investment trust over five years, fell behind the FTSE All-Share in the first half of the year but has since pulled ahead of its benchmark, half-year results show. The £1.3bn closed-end fund recovered from the shock of the Iran war and the spike in oil prices […]

Scottish Mortgage Trust (SMT) rose 2.2% yesterday after its fund managers’ faith in Moderna (MRNA) was rewarded with a near trebling in the US drug developer’s shares.  Nasdaq-listed Moderna soared 177%, or $111, to $174.38, valuing the company at more than $60bn, after a late-stage trial showed its individualised cancer therapy intisemeran was successful in […]

Global Opportunities Trust (GOT), the £97m defensive global equities fund run by Dr Sandy Nairn at Goodhart Partners, made a 1.5% total investment return including its dividend in the first half of the year. Excluding the 10.3p per share final dividend paid in May, the portfolio’s net asset value (NAV) fell 1.1% to 397.3p per […]

A difficult first half for JPMorgan American (JAM) has not dented the optimism of its fund managers who say the growing opportunities from artificial intelligence (AI) and the resilience of the US economy bode well for the future. The £2bn investment trust, which owns the managers’ 20 best “growth” and 20 top “value” stocks in […]

Achilles Investment Company (AIC), the £52m closed-end fund activist, has appointed Chris Hills, former chief investment officer at Investec Wealth and Investment, as its strategic adviser. Hills, who worked for Investec W&I for over 25 years and became chief investment consul following its acquisition by Rathbones in 2023, retired from full-time work last October. He […]

International Public Partnerships (INPP), the £2.5bn infrastructure investment company, has sold stakes in nine UK private-public partnership (PPP) projects to InfraRed Capital Partners which will manage the assets on behalf of Dutch pension scheme ABP. Total proceeds from the disposal, involving 15 London comprehensives, special educational schools and further education colleges built as part of […]

Shaires Holdings (SHR), the AIM-listed investment company offering exposure to a portfolio of private artificial intelligence companies, has extended its retail share offer to 4.30pm on 24 August to give it time to reach a “broader range of investors”. The offer of new shares at $20 each at a discount of around 18% to their […]

Aberdeen Asian Income Fund (AAIF) has continued last year’s strong performance with a 28% investment return in the first half of the year largely driven by technology and artificial intelligence stocks. Shareholders in the £452m investment company enjoyed a 30.9% total return in the six months to 30 June as the big gains of Taiwanese […]

Seraphim Space (SSIT) has invested a further £22.2m ($30m) of its £137m C-share issue, adding Hubble Network, a US start-up building the first satellite-powered Bluetooth network, to its portfolio. Hubble is already backed by Seraphim’s fund manager through the Seraphim Space Venture Fund II (SSVII). James Bruegger, chief investment officer of Seraphim Space Manager, said […]

Ceiba (CBA), the £48m Cuban property fund whose shares were suspended after being hit by US sanctions last month, is to be taken over by an administrator following the resignations of its board, management team and external service providers. Ceiba said it welcomed the Guernsey Financial Services Commission’s decision to request the Royal Court of […]

CT Healthcare (CTHT) fund manager Kosta Kleyman has sounded a cautious note on prospects as ‘restrictive’ interest rates and sticky inflation threaten to weigh on the sector’s recovery. In the £69m investment trust’s first interims since Columbia Threadneedle replaced Bellevue Asset Management in March, chair Sarah MacAulay said Kleyman believed healthcare sector share prices were […]

Global X and First Trust have launched rival space-focused ETFs in Europe, adding to a rapidly expanding range of funds targeting the commercialisation of the space economy. The Global X Space Tech UCITS ETF and First Trust Bloomberg Space Economy UCITS ETF both began trading on 30 July, giving European investors new ways to gain […]

VanEck is preparing to launch an agribusiness ETF in Europe, giving investors exposure to companies operating across the global agricultural supply chain. The VanEck Agribusiness UCITS ETF has been registered with the Irish regulator, according to public filings reported by ETF Stream. The fund would enter a relatively small part of the European ETF market, […]

International Public Partnerships (INPP), the £2.5bn infrastructure fund, has written off most of its £24.1m investment in toob, the UK full-fibre broadband provider it backed at launch in 2019. INPP highlighted in June the challenges facing the UK’s altnet market and the “overbuild risk and consolidation pressure” on smaller operators like toob. It was one of […]

US Solar Fund (USF) has granted its potential buyer another 60 days of exclusivity to complete tax analysis and due diligence on the acquisition. This will expire on 16 October and extends the 90-day period the company granted on 18 May when it revealed it had received a non-binding proposal for the acquisition of the […]

Jupiter Asset Management plans to launch two active ETFs investing in emerging markets and global equities outside the US for its Origin investment arm. The UK fund manager has filed the Jupiter Origin Global Emerging Markets Active Equity and Jupiter Origin Global Ex-US Active Equity UCITS ETFs with the Central Bank of Ireland.  The emerging […]

Goldman Sachs looks primed to launch covered call exchange-traded funds (ETFs) in Europe following its $2.25bn (£1.7bn) acquisition of NEOS Investments.  NEOS, a US focused provider of options-based income ETFS, last week agreed to add its $30bn, 19 fund range to Golman Sachs’ platform, giving the investment bank a total of $130bn in active ETFs, […]