Urban Logistics: Bidding war erupts over Abrdn property trust February 21, 2024 A bidding war has erupted over the Abrdn Property Income Trust, as the £592m Urban Logistics REIT has made a counteroffer to Custodian Property Income's bid for the trust.
‘Reinventing active management’: Why stock picking as we know it might be outdated February 20, 2024 Looking to “reinvent active management,” Mark Ellis, manager of the Nutshell Growth fund, has pushed back on the traditional way that fundpicking has been done. Following an intricate model that uses over 30 variables, the manager aims to provide a “hedge fund methodology” that retail investors can actually access. Ellis cited his perspective as a [...]
Appetite for investment trusts has fallen to the lowest level in a decade. Could this be the beginning of the end for the sector? February 20, 2024 In trust expert Winterflood's annual survey of its clients last week, it found that expected demand for the investment vehicles had fallen to the lowest level since the questionnaire began 12 years ago.
Challenger Monzo to cement £4bn valuation in new funding round February 20, 2024 The challenger bank could finalise a deal by the end of the month to raise as much as £350m of capital, people familiar with the matter told the FT.
Petra Diamonds predicts slow recovery in diamond prices February 20, 2024 The average realised price per carat for the six months came in at $113 per carat (£90), in line with prices in the first half of the year but down 29 per cent from the second half of 2022.
Kistos set to buy EDF’s UK gas storage arm for £25m February 20, 2024 The company was set up to acquire and manage companies in the energy sector engaging in the energy transition trend.
Regulator launches investigation into baby formula market February 20, 2024 The CMA investigation, which was launched today, came off the back of a November study which found manufacturers raised prices by 25 per cent over two years, increasing profit margins during the cost-of-living crisis.
Gresham House launches £301m biodiversity credit fund February 19, 2024 It will invest in 'habitat banks', which are plots of land ranging from 10 to over 500 hectares, where changes to land management are expected to improve biodiversity.
Who owns investment companies? Data reveals institutional dominance February 19, 2024 Institutions hold half of all the shares in investment companies by value, or £89bn of the holdings, according to new data from the Association of Investment Companies (AIC). Analysing £177bn of shareholdings, or 87 per cent of the industry’s total market cap, the data revealed that wealth managers hold 25 per cent of all shares, [...]
Hipgnosis launches legal action against its fund manager founder Mercuriadis February 19, 2024 Hipgnosis Songs Fund has launched legal action against its fund manager Hipgnosis Songs Management (HSM) and founder Merck Mercuriadis. The music royalties trust said that HSM had refused to protect it against potential liabilities from claims brought by former business partners of Mercuriadis that accuse him of stealing the idea for Hipgnosis in 2018. Mercuriadis [...]
