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Related Special Reports
...A US hedge fund has raised $100mn to make trades based on articles by its affiliated newsroom, launching a novel experiment in funding investigative reporting as the media industry suffers a fresh round...
...The Nuffield Trust report said Brexit had “exacerbated” the “underlying fragilities at a global and UK level” in drug supply chains....
...Trusts can trade at a premium or discount to the value of their investments — according to the level of demand for the trust....
...appeal and widened the discounts at which they trade.The average discount between an investment trust’s share price and its net asset value hit 16.9 per cent last October, just below the 17.7 per cent recorded...
...They offer a set number of shares, which investors can trade among themselves without affecting the pool of cash managers have at their disposal....
...Read a transcript of this episode on FT.com...
...High interest rates have lured investors into other assets while onerous fee disclosure rules have made trusts appear comparatively expensive, weighing on the sector and pushing them to trade at a steep...
...The share prices of groups such as London-listed Greencoat UK Wind and Octopus Renewables Infrastructure Trust trade at sizeable discounts to their net asset values....
...The pandemic, which created what Miller describes as a “utilitarian” need for reliable health information, is likely to have pushed science higher up the average American’s agenda; the more salient an issue...
...All trade on a discount, from the largest, the FTSE 250-listed Greencoat UK Wind, which owns wind farms across the country, to the smallest, Aquila Energy Efficiency Trust, which is currently trying to sell...
...The discounts have led to fund managers, wealth managers and peers to call for a change in the way investment trust fees are reported to investors....
...The fund’s report comes as European policymakers are worrying about how the region’s trade-focused economy is being squeezed by mounting tension between the US and China....
...It now exists with the sole mission of funding scientific research in climate change and health, infectious diseases and mental health....
...Rachel Walker was still wearing scrubs when she arrived at a community centre in Tucson, Arizona, on Friday afternoon to hear Kamala Harris deliver a speech defending abortion rights....
...Haiti is also asking itself whether it should trust the international community....
...The law does not include exceptions for women’s health, or for victims of rape or incest. It carries a penalty of up to five years in prison for providers....
...The fund places trades based on scoops uncovered by reporters at the newsroom....
...Second, fund managers want the best stuff; a cheap valuation isn’t enough to lure them into buying an asset with so-so appeal. Investors are hunting for quality, not just a bargain....
...This means discounts to net asset value — a measure of investment trusts’ health — have widened dramatically. That has put their boards under pressure....
...Research by the Centre for Policy Research, a New Delhi think-tank, shows spending on education, health and other areas has fallen proportionally....
...The move to broaden out the types of collateral that liability-driven investment (LDI) funds can use to backstop their trades comes as the market explores ways to prevent a repeat of the near-implosion of...
...Novavax is this year rolling out its second product: a malaria vaccine approved by the World Health Organization, which will help to grow its revenues from $531.4mn last year to a projected $854.2mn this...
...That opened a space for hedge fund Masters of the Universe, who had a freer hand. Until now....
...Ill health swells the welfare bill and is the prime reason why 2.83mn working-age Britons are economically inactive....
...Although this trust still trades at a discount to NAV, this discount has narrowed to a 28-month low of 8.7 per cent — from a nadir of almost 50 per cent in December 2022 — in anticipation of the likelihood...
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