Sequoia Capital seeking $7bn to invest in US and Asian funds March 19, 2020 Sequoia Capital is seeking $7bn for its latest set of venture capital funds, with a focus on start-ups in the US and Asia, as global markets are rocked by the coronavirus outbreak. The Silicon Valley firm is seeking commitments for multiple funds in the US, China and India, according to the Financial Times. The fundraising [...]
3i expects portfolio companies to be hit by coronavirus disruption March 19, 2020 3i expects the majority of its private equity portfolio to experience disruption to its business, as a result of the coronavirus outbreak. The group said the “modest short-term disruption” is a result of the country by country lockdowns. It expects a small number of other companies to be significantly affected in the short term, including [...]
Seven firms suspend UK property funds as virus casts uncertainty over assets March 18, 2020 Aberdeen Standard Investments and BMO have joined five other firms who have suspended their property funds after independent valuers introduced material valuation uncertainty clauses due to the coronavirus outbreak. The UK commercial property market is facing unprecedented challenges brought on by the pandemic. Valuation firms are now saying that they can no longer make reliable [...]
Johanna Kyrklund: Are opportunities beginning to emerge? March 18, 2020 | City Talk After the dramatic market falls of the last few weeks, valuations are looking more appealing. But the risk of a prolonged recession means investors should remain cautious. Last week I said valuations are still not cheap enough to warrant taking more risk. After the large falls we’ve seen this week, is this starting to change? Part of [...]
Aviva Investors suspends property funds as CBRE warns of market uncertainty March 18, 2020 Aviva Investors has suspended its property fund, following similar decisions by Kames Capital and Janus Henderson yesterday. In a statement, Aviva Investors said the coronavirus outbreak had impacted the UK property market and “made it difficult to value the property owned by the funds with the same degree of certainty as would otherwise be the [...]
Investment and coronavirus: Keep calm and don’t cash out March 18, 2020 Coronavirus has sent stocks plunging like few other events in the history of financial markets. The FTSE 100 has dropped by a third in the last month. Other indices such as the S&P 500, Japan’s Nikkei, and Germany’s Dax are all in roughly similar positions. Not only are people concerned for their health, but their [...]
Kames Capital suspends property income fund due to market uncertainty March 17, 2020 Kames Capital has become a victim of the turbulent market as it temporarily suspends its property income fund. In a statement to investors, Kames said: “Following continued market volatility and uncertainly for property funds, which began with the 2016 Brexit Referendum and continued in recent weeks with the Corona Virus pandemic the valuers of the [...]
DEBATE: Is now a good time to invest in gold? March 17, 2020 Is now a good time to invest in gold? Monica Tepes, investment companies research director at finnCap, says YES. Now is a good time to buy gold if you believe that we are in the early stages of an economic crisis or in a prolonged period of low economic growth. In a risk-off environment and [...]
Investment companies increase dividends in falling markets March 16, 2020 Global markets have been spooked by the coronavirus outbreak in recent weeks, but 21 investment companies have increased their dividends for more than two decades. The Association of Investment Companies (AIC) has today published a list of its 21 “dividend heroes” which have consistently increased their dividends for 20 or more years. City of London [...]
H20’s Alpha 10 fund suffers huge losses amid market rout March 12, 2020 A hedge fund run by H2O Asset Management reportedly suffered a large loss during this week’s market turmoil. The fund lost 15.8 per cent in one of its share classes on Monday, according to the Financial Times. Another share class of the fund reportedly lost 10.5 per cent in the same day. The $900m fund [...]