Meet the fund managers: Valuing the human experience April 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 Obe Ejikeme, manager of Carmignac Portfolio Human Xperience fund. How does your fund stand out from others in the same market? The Carmignac Human Xperience fund focusses exclusively on the importance of both [...]
UK now second most targeted country for mergers and acquisitions March 28, 2024 The UK is now the second most targeted nation for mergers and acquisitions globally, behind only the US, as deals in the country have surged to $76.1bn (£60.2bn) so far in 2024. UK mergers and acquisitions have been 88 per cent higher than this time last year but are still below the values in the [...]
Abrdn Property Income: Custodian bid voted down by shareholders March 28, 2024 Custodian Property Income REIT’s bid to take over Abrdn Property Income has failed, after not enough shareholders voted for the merger. In a general meeting yesterday, Abrdn shareholders voted 60.8 per cent in favour of the deal, less than the required 75 per cent threshold. Custodian’s offer would have seen Abrdn shareholders receive 0.78 Custodian [...]
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.
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".
Illiquid assets in higher demand from institutional investors March 27, 2024 The popularity of illiquid assets has spiked in recent years, and more institutional investors than ever are looking to put money in the asset class. Illiquid assets cover a range of investments that can’t be quickly and easily sold or exchanged for their market value, such as infrastructure or stock in unlisted companies. The asset [...]
Old Mutual profit surges 35 per cent as African insurer grows March 27, 2024 Pan-African financial services group Old Mutual have seen profits surge 35 per cent last year due to “exceptional sales growth”. The London-listed group, which is Africa’s largest insurer by assets, revealed that profits totalled 7.1bn rand (£295m) throughout 2023, Chief exec Iain Williamson said the group’s success was underpinned by “exceptional sales growth”, with gross written premiums climbing 14 [...]
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. [...]
Business leaders set to sell off portfolios, suggesting deal making spike March 27, 2024 Business leaders are reporting a strong interest in shifting parts of their portfolio over the next year, potentially leading to a spike in new mergers and acquisitions, City A.M. can reveal. 79 per cent of business leaders surveyed by Deloitte globally said that they were planning to make at least three divestments over the next [...]
