Investment company news brought to you by Citywire Financial Publishers Limited and Quoted Data by Marten & Co.
Hanbury has cut his short position in Scottish Mortgage after its 60% plunge from a November 2021 peak, an indication that he and other bears of the £9bn trust think the worst may be behind it.
Interest rate rises have given some London-listed debt funds a new lease for life and amid the market uncertainty there are good portfolios trading on attractive discounts.
Interest rate rises have given some London-listed debt funds a new lease for life and amid the market uncertainty there are good portfolios trading on attractive discounts.
Stewart Heggie, Baillie Gifford's commercial director for Scottish Mortgage, refutes the accusation from the trust's boardroom rebel, Amar Bhidé, that the fund manager lacks the resources to invest in unquoted companies.
Artemis has bolstered the global team behind the Mid Wynd investment trust with another hire ahead of Simon Edelsten’s retirement at the end of the year.
FTSE-listed private equity and infrastructure giant assuages anxieties over its enormous stake in discount retailer Action which has continued its momentum from 2022 with a strong start to the year.
BH Macro, the bond and currency hedge fund that has proved something of a safe haven in the past three years, discloses a 4% drop in net asset value after collapse of Silicon Valley bank.
Scottish Mortgage fund managers and board directors are under pressure after former non-exec Amar Bhidé broke ranks in a row over performance and oversight. Nevertheless, two professional investors are standing by the stock.
Drugs company lender enjoyed 'impressive' 2022 paying out record dividends of 13.1 cents per share at a 13.8% yield, which it believes it can replicate if it can reinvest a $333m cash pile.
Drugs company lender defied last year's volatile markets to pay out record dividends of 13.1 cents per share at a 13.8% yield, which analysts believe it could replicate this year if it can reinvest a $333m cash pile.
Supermarket Income and HICL Infrastructure have refinanced their debt facilities, putting a lid on the rising cost of borrowing.
Former Winterflood analyst and now JP Morgan director challenges the idea that the bubble for investment trusts has burst following last year's derating of the sector's share prices.
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