How this stockpicker helped triple the value of Funding Circle Investing Funding Circle has been through a rough few years. After floating with a value of close to £1.5bn in 2018, share prices rapidly declined, with its market cap reaching as low as £125m in January of this year. That was when Richard Staveley, portfolio manager of Rockwood Strategic Investment Trust, began looking at the company, [...]
Budget pension consolidation raises ‘serious concerns’ for UK small firms Investing Fund managers that invest in UK small companies have “serious concerns” that plans to consolidate pension schemes might lead to even more money flowing out of British businesses. The plan, announced at Chancellor Rachel Reeves’ inaugural Mansion House speech earlier this month, would combine 86 different local government pension schemes manage assets between £300m and [...]