Blackstone triumphs in Hipgnosis bidding war as Concord refuses to raise offer May 9, 2024 The bidding war first broke out on 18 April, after Concord initially offered $1.4bn for the portfolio of the music rights trust.
Hydrogen-focused investment trust finds success in private companies May 8, 2024 Hydrogenone Capital Growth, the investment trust focused on cash into clean hydrogen, has reported a strong performance of its underlying holdings, even though its share price has struggled. The trust’s net asset value (NAV) has grown 0.6 per cent since the start of the year, and 3.6 per cent since March 2023, it reported in [...]
Investment trust body calls for Treasury to fix unnecessary rules costing billions May 8, 2024 The rules around investment trust disclosures are costing the economy billions in lost investment.
Small trust worth £30m moves in for £600m Abrdn Asia Dragon May 7, 2024 In a stock exchange announcement, Ashoka's trust said it had put forward a proposal to merge the two trusts, with the option of a cash exit of up to 50 per cent for Asia Dragon shareholders.
Meet the Fund Manager: Stephen Yiu talks Meta, Nvidia and AI boom May 1, 2024 In this weekly series, investment reporter Elliot Gulliver-Needham sits down with a fund manager for a Q&A. This week, we’re hearing from Stephen Yiu, manager of the Blue Whale Growth fund.
Gresham House Energy Storage Fund pins hope on future growth as earnings crumble April 29, 2024 Gresham House Energy Storage built its portfolio from 598 megawatt hours (MWh) at the end of 2022 to 788MWh at the end of 2023. It has planned further growth in 2024.
Warehouse REIT boosts quarterly income 30 per cent with rent hikes April 25, 2024 Warehouse REIT, the real estate investment trust, boosted its rental income for the quarter by over 30 per cent after renegotiating its warehouse rents. In a trading update covering the first three months of 2024, the trust said it had completed 22 transactions, securing £1.4m of contracted rent. The 22 transactions were nine new lettings, [...]
Jupiter outflows surge after star fund managers leave for new ventures April 23, 2024 Jupiter Fund Management saw significant outflows in the first quarter, thanks to the loss of Chrysalis investment trust and the unpopularity of the firm's value strategies.
Seraphim Space investment trust manager sells assets to itself to unlock value April 22, 2024 Seraphim Space investment trust has sold its stake in all nine of its early stage companies to a new venture capital fund managed by Seraphim.
Hipgnosis board approves £1.1bn Concord takeover offer April 18, 2024 Concord, which is controlled by Alchemy Copyrights, has proposed to buy Hipgnosis in a deal valued at $1.4bn (£1.1bn).