Macro roundup for January Each month we plan to bring you a collation of recent insights on markets and economies taken from the comments made by Chairmen and Investment Managers of investment companies – have a read and make your own mind up.
The biggest event in the quoted fund sector last week was New River Retail : NRR’s raising of £85m of new money – £10m more than they were going for. Other notable issuers of stock were: Polar Capital Financials : PCFT which raised £2.4m Ruffer : RICA which raised £2.4m Finsbury Growth & Income : FGT which […]
JP Morgan American : JAM managed to raise the most money last week by issuing just over £6m worth of shares. Acorn Income did a trade whereby it issued and then immediately repurchased £9m worth or ordinary shares and zeros. The repurchased stock is being held in treasury. Doing a trade like this makes the […]
2013 was a year of mixed fortunes for the listed private equity sector. Some funds did exceptionally well but others, particularly those exposed to emerging markets saw falling NAVs and widening discounts. The recovery in 3i : III ‘s share price following the disclosure of Sherborne’s stake building in the fund pushed it close to the […]
In an article on the back of today’s FT John Authers draws attention to the excellent performance being generated by closed end funds versus their open-ended peers. We at QD think it is good to see the closed-end fund industry getting the recognition it deserves but unfortunately the article is also peppered with phrases such […]
Highly leveraged property funds feature prominently in the lists of both the best and worst performing funds of 2013 by share price Highest increases in share price Alpha UK Multi Property : AUMP +356% Treveria : TRV +200% Avanti Capital : AVA +114% Mirland Dvelopment Corp : MIR +106% Public Service Properties : PSPI +98% […]
A positive close to a vintage year ‘Its time the Fed moved away from ….an artificial world and allowed the economy to stand on its own. The process of getting back to more traditional definitions of ‘normal’ interest rates and economic activity will pose new challenges for investors, businesses, consumers and policy makers alike’. Financial […]
Over Christmas and New Year activity tends to quieten down a bit and so we have combined the data for issues and repurchases over the past couple of weeks – this figures cover the period from 16 December – 31 December Finsbury Growth & Income : FGT raised most money – over £4.4m in total. […]
Each week we’ll let you know which funds are growing and which are shrinking – please see the attached pdf: 131216-issues-and-repurchases
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