An update from Portfolio Manager of Invesco Bond Income Plus, Rhys Davies October 11, 2021 To watch the update video in full, visit: https://doceo.tv/funds/invesco-bond-income-plus With effect from 19 May 2021, the Company was enlarged by the merger with Invesco Enhanced Income Limited by way of a contractual scheme of reconstruction, following which the Company changed its name to Invesco Bond Income Plus Limited. Here, Rhys provides us with an update [...]
An update from Fund Manager of Standard Life Property Income Trust, Jason Baggaley October 11, 2021 To watch the update video in full, visit: https://doceo.tv/funds/standard-life-property Fund Manager, Jason Baggaley talks us through his most recent purchase, as well as providing us with an update on the wider portfolio and recent performance. Visit the page to also watch a three minute elevator pitch video from Jason to understand the investment strategy, how [...]
Hedge fund boss makes shock appearance at GSK investor call to pile pressure on CEO October 10, 2021 Hedge fund boss Gordon Singer dramatically questioned the leadership of GlaxoSmithKline chief executive Emma Walmsley at a virtual investor meeting. Singer, head of Elliott Investment Management’s London office, demanded an answer as to why the drug company’s share price had slumped below pre-Covid levels. Around 50 top investors were present at the private virtual event, [...]
‘PE to PE’ deals soar as firms rush to offload $2.3 trillion post-pandemic dry powder October 4, 2021 Private equity to private equity deals, whereby groups sell UK companies to each other, have jumped by 44 per cent in the past year, as firms rush to please investors and deploy capital accumulated during the coronavirus crisis. The number of so-called “PE to PE” deals increased by 44 per cent to 85 in the [...]
Jefferies sets the mood for Wall Street’s quarter with record revenues October 1, 2021 Jefferies reported record revenues for the third quarter and said its dealmaking backlog for the fourth quarter had also reached new heights, in the first results of the season from Wall Street. Total revenues for the quarter hit a record $1.38bn, up 78 per cent from the $777m reported in the same period a year [...]
SFO launches money laundering probe into £150m leasehold investment schemes September 29, 2021 Following a dawn raid this morning, the UK’s Serious Fraud Office (SFO) has launched a fraud and money laundering investigation into two companies that are suspected of having misled investors into funnelling around £150m into fraudulent leasehold schemes across the country. A group of Alpha-branded companies is being investigated for fraudulently misleading investors into purchasing [...]
‘Alpha-Flation’: A Private Market Syndrome September 28, 2021 | City Talk In private equity (PE), there are more ways to calculate the alpha of a portfolio or fund than any other asset class. And in no sector other than private markets does investing in the average fund seem to go so poorly. Should it be this way? Is the average private market fund a bad fund [...]
Cop26 sponsor NatWest named and shamed for links to Arctic oil and gas drillers September 27, 2021 NatWest is under scrutiny from campaigners due to it financing fossil fuel developers while sponsoring the Cop26 climate summit NatWest is the banking sponsor of the Glasgow conference — where countries will pledge to reduce carbon emissions as part of a wideranging global effort — but was still providing underwriting and loans to energy companies [...]
Exclusive: Fund managers say UK equities are still undervalued despite Brexit and Covid bounce back September 24, 2021 Nearly nine in ten professional investors from the UK, US and Germany believe UK equities are undervalued, according to new research shared exclusively with City A.M. this morning. The investors, who collectively manage over $300bn, said in a MBH survey that one of the key reasons for optimism around UK equities is that the country [...]
Brexit-proof: City’s share of European investment management market larger than Frankfurt, Paris and Zurich combined September 23, 2021 The City of London’s share of the European investment management market is larger than the combined total of Paris, Frankfurt or Zurich. It is by far the largest investment management hub in Europe with a market share of 37 per cent, according to new data shared with City A.M. today. The City of London and [...]