Chrysalis managers add to THG position after shares slump by one fifth
Trust’s NAV was up 7.7% at the end of September
Investment Trusts
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Gresham House Strategic NAV overstated by £1.3m since July
Gresham House Strategic board claims ex-manager owes £0.3m after failing to account for £1.6m tax provision
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Caledonia reveals next CEO will not be member of the Cayzer family
£2.5bn investment trust owns 7IM in its unquoted portfolio
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Baillie Gifford seeks to double unlisted exposure in yet another strategy
Baillie Gifford European Growth trust had no unquoted exposure when it was swiped from Edinburgh Partners
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Sequoia trust hits back at claims it should have slashed energy supplier’s valuation
Bulb Energy has now gone into special administration
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James de Uphaugh makes his mark as Edinburgh trust outperforms since Mark Barnett departure
Trust’s NAV has risen by 48% compared with the FTSE All Share’s 36.8% since de Uphaugh assumed control
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Schroders trust rebalances away from Woodford portfolio with third fresh private holding
Woodford Patient Capital Trust was handed to Schroders almost two years ago
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Nick Train bemoans Unilever’s ‘crushingly pedestrian’ returns in month where Tesla goes gangbusters
Consumer goods giant’s shares are down 11% year to date as investors grow tired of its steady plodding
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Scottish Investment Trust shareholders face prolonged merger with JPM trust
£1.5bn merger faces complications from self-managed nature of the investment trust
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Ruffer trust to more than double its 2021 issuance with £170m raise
Jonathan Ruffer halved his stake in the investment trust several weeks ago
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AVI calls for Third Point director to be ousted amid row over discount control
Activist shareholder retaliates after board of Dan Loeb’s UK feeder fund rejects proposals to narrow its discount
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Pantheon impresses with £400m raised for infrastructure investment trust
Private equity specialist will target up to 10% annually