Hipgnosis lost millions due to inflated growth projections, independent valuation reveals March 28, 2024 Inflated growth figures and overvaluation of the music catalogues led Hipgnosis Songs Fund to lose hundreds of millions over the last few years, an independent valuation of the trust has revealed.
Meet the woman on a mission to get pension money into UK start-ups March 28, 2024 Charlie Conchie interviews the biggest movers and shakers in tech, fintech and financial services. This week, it’s IQ Capital chief and the British Venture Capital Association's pension fund guru Kerry Baldwin.
Investec launches £250m real estate fund… But not for retail investors March 27, 2024 The strategy, called 'REALIS,' is aimed at institutional investors and high-net-worth individuals rather than retail investors.
Build-A-Bear and kitchen cabinets: US winners beyond the Mag 7 March 27, 2024 De Lisle, who manages the £329m VT De Lisle America fund, focuses on smaller companies and away from tech, and prides himself on finding "cheap little growth stocks".
CMC Markets raises income expectations on continued ‘positive momentum’ March 27, 2024 CMC Markets has raised its full-year income expectations after improved market conditions helped the online trading platform in the fourth quarter.
GAM: Asset manager’s losses spiral after Liontrust deal collapse March 27, 2024 Swiss asset manager GAM has reported heavy losses in its annual results, after a tumultous year that saw its potential takeover by Liontrust crash and burn. Investors pulled billions from the embattled asset manager throughout the year, leading to lower revenues from fees for a company that was already in poor shape to begin with. [...]
City set for takeover battle as rivals enter bidding for DS Smith March 27, 2024 A US-listed paper producer has thrown a spanner into the works of Mondi's takeover of DS Smith, with a potential £5bn-plus bid of its own.
Out-of-pocket Bidstack investors vow to take action after execs buy AIM-listed firm out of administration March 27, 2024 Angry investors in AIM-listed Bidstack are preparing regulatory complaints and plotting legal action after the company’s top brass bought the firm out of administration.
Blackrock boss Larry Fink warns of looming ‘retirement crisis’ for global pension savers March 26, 2024 The boss of the world’s biggest asset manager Blackrock has warned of a looming “crisis” for global pension savers today as he called on global leaders to rethink the “conception of retirement”.
Life Science REIT slashes dividend after value of portfolio sinks March 26, 2024 Life Sciences REIT has halved its dividend for 2023 after the value of its portfolio fell considerably throughout the year.