More pain for Chrysalis shares as Klarna valuation slashed to £5.6bn
Co-manager Watts says new price tag does not reflect ‘buy now pay later’ firm’s progress since initial investment
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Investment Trusts
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JPMAM nabs Simon Elliott for investment trust business
After 20 years at Winterflood, top trust expert says ‘time is right for a new challenge’
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Investment companies raise £4bn in ‘challenging’ H1
Renewable Energy Infrastructure leads the pack for secondary fundraisings, though IPOs stall
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Chrysalis puts a pin in share buybacks as discount slumps to 55%
Co-managers Williamson and Watts to redouble their efforts on existing holdings, 60% which have yet to break even
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Columbia Threadneedle completes rebrand of BMO Gam investment trusts
Half of its closed-ended funds will adopt the ‘CT’ prefix from 4 July
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Carbon reduction drive sees SDCL Energy Efficiency Income Trust profits double
Seeit made £300m in new investments last year
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Alternatives trusts show up ‘traditional’ rivals to drive record £5.5bn dividends
£3.7bn in payouts from unconventional trusts is double that of their equity counterparts
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Mike Kerley named deputy manager of The Bankers Investment Trust
He will support Andrew Crooke who has managed it exclusively since 2003
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Morningstar pulls trigger early and boots two funds from II’s ethical buy list
A review wasn’t due until Q4 but torrid market conditions pushed it to move sooner
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BMO Global Smaller Companies shuns Columbia Threadneedle moniker in rebrand
£1bn trust will become Global Smaller Companies Trust effective immediately
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Chrysalis braces for further NAV hit as Klarna faces 67% haircut
Significant writedown would result in a 9.5% drop in the £1.2bn trust’s NAV
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Lindsell Train founders to stick around at least another seven years
Steer on succession plan comes courtesy of LTIT’s annual results which highlight 20% share price slump