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Latest News - Gavin Lumsden - Page 2

Templeton Emerging offers tender exit to pass crucial vote

Templeton Emerging Markets wins backing of activist City of London Investment Management in impending continuation vote after agreeing to buy back up to a quarter of its shares if trust underperforms over the next five years.

Trust Watch: massive Train bubble, F&C discount and several Japan bargains

This week's highlights include the remorseless rise of the UK’s best performing investment trust, a strong showing from Japan trusts in our ‘cheap’ list and the UK’s oldest investment trust available on a small discount.

Premium-rated Gresham House Energy and AVI Japan look to place new shares

Two more recently launched investment trusts – Gresham House Energy Storage and AVI Japan Opportunity – join race to raise more money from investors as markets rebound from last year's lows.

Lord Rothschild steps back from RIT Capital Partners

(Update) Lord Rothschild is stepping down as chairman and director of RIT Capital Partners to become president of global investment trust he founded 31 years ago.

RDI Reit slumps 18% after rejecting Cromwell offer

RDI shares tumble after Cromwell Property Group withdraws its bid interest in the real estate investment trust struggling in the retail downturn.

Henderson Alternative boosts team with Aberdeen’s Barr

Alex Barr, a former manager of Aberdeen Private Equity, is joining Janus Henderson to beef up its multi-asset team running Henderson Alternative Assets Trust.

Trust Watch: ‘cracking value’ in Capital Gearing’s favourite small-cap star

Lindsell Train, Aberdeen New Dawn biotech and social housing funds feature in this week's roundup, but the highlight is the heavily discounted UK smaller companies trust backed by one of the UK's most cautious investors.

Energy efficiency fund gets its dessert second time round

Four months after floating on the stock exchange, SDCL Energy Efficiency Income Trust surpasses its original £150 million fund-raising target, thanks to a £72 million share placing.

Merian Chrysalis almost doubles with £100m fund raise

(Update) Richard Watts and Nick Williamson's new pre-flotation investment company confirms it attracted £50 million more than it first sought in ‘significantly’ over-subscribed share placing.

CatCo manager gives itself all clear but official probe goes on

Internal review of fund manager of CatCo Reinsurance Opportunities finds no evidence of wrong doing but US government inquiries into its huge losses continues.