After an extended period of trading at wide discounts, private equity funds seem to be more responsive to the idea of using share buybacks to tackle the problem. Is it time to pick up these bargains before they disappear? HarbourVest launching distribution pool The latest to make a move on this is HarbourVest Private Equity […]
Review 2023 Annual roundup | Investment companies | January 2024 Over the worst, and the bulls are loose While there were plenty of financial headlines over 2023, inflation was still the main influence on markets. Rates of inflation are well below their 2022 peaks, but it was only towards the end of October 2023 that […]
by Dave Baxter, Investors’ Chronicle, 15 December 2023: The optimists would have you believe that the worst is finally over for the investment trust sector. Interest rates have apparently peaked, wide share price discounts are likely to limit further falls and the reform of cost disclosure requirements could remove one of the many challenges facing […]
BY GAVIN LUMSDEN, Citywire Investment Trust Insider, 8 Dec 2023: QuotedData, the investment company analyst that employs our columnist James Carthew, celebrated its tenth anniversary last night. At a bar in the City of London, I found the mood among the crowd of closed-end fund professionals was surprisingly upbeat, perhaps buoyed by the sight of […]
Discounts in the investment trust sector are almost double their average[1], with the combination of cost disclosure rules and rising interest rates creating widespread selling pressure. It is perhaps not surprising that this has caught the attention of activist investors who spot an opportunity. Saba Capital is the latest arbitrageur on the block, thought to […]
Another week, another bout of corporate activity. Subject to shareholder approval, abrdn China is to be absorbed by Fidelity China Special Situations, and Troy Income and Growth will merge with STS Global Income and Growth. In addition, abrdn European Logistics Income announced a strategic review, Downing Renewables and Infrastructure Trust said that it would consider […]
There is a lot of detail in the Autumn statement beynd the headline grabbing news of National Insurance cuts and alchohol duty freezes. With respect to our industry, we have the following: UK Retail Disclosure Framework – The government has published a draft statutory instrument setting out how it will replace the retained EU law […]
AVI Global Trust Investment companies | Annual overview | 21 November 2023 An historic opportunity AVI Global Trust (AGT) has been performing well recently. Where it can, the manager seeks to engage with investee companies behind the scenes, working with them to unlock value for the benefit of all shareholders. Lately, AGT has also been involved […]
AVI Global Trust Investment companies | Annual overview | 21 November 2023 An historic opportunity? As the data on page 13 shows, AVI Global Trust (AGT) has been outperforming recently. Where it can, the manager seeks to engage with investee companies behind the scenes, working with them with the aim of unlocking value for the benefit […]
AVI Global Trust Investment companies | Annual overview | 22 November 2023 An historic opportunity As we show on page 14 of this note, AVI Global Trust (AGT) has been performing well recently. Where it can, AGT’s manager seeks to engage with investee companies behind the scenes, working with them to unlock the value that […]
