Hipgnosis delays interim results over valuation concerns
Board raised concerns over independent valuer’s appraisal of the trust’s portfolio
Investment Trusts
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Majedie returns 26.2% following manager appointment
Trust appointed Marylebone Partners as investment manager in January
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The AIC backs investment trust capital requirements changes
While FCA CEO Nikhil Rathi reveals cost disclosure reforms will be announced before the end of the year
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The AIC: Record year for buybacks as trust boards battle double-digit discounts
Share price discounts remained above 10% throughout 2023, according to AIC’s year in review
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Nick Train backs Diageo despite ‘galling’ profit warning as shares slide 11%
The manager has been adding to Diageo, despite the company encountering problems with its operations in Latin America
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Liontrust’s de Uphaugh and Sattar: Narrowing of UK equity discount is only just beginning
EDIN managers discuss seeking opportunities in an unloved market, and what Sattar taking sole reins of the portfolio will mean for investors
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GABI to kick-off strategic review after merger flop
A wind down is one option on the table
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Hipgnosis Song fund offloads 20,000 songs from portfolio
Sale made at 14.2% discount
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Abrdn invests more than £30m in shares of its own investment companies
Amount is equivalent to six months’ worth of management fees
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VinaCapital Vietnam Opportunity trust endures continuation revolt
Second largest shareholder voted to discontinue
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Lindsell Train Investment trust drops 3.6% in NAV as it maintains ‘consistent’ investment approach
Results come as share prices of consumer franchises fall
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The AIC: Private equity sector sees highest returns of the year
3i Group was the best-performing investment company of 2023 to the end of November
