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...Their troubles have weighed down the broader UK equity market....
...Jefferies estimates that no trust has raised equity to invest in new green assets since 2022. Raising more debt is not necessarily an option....
...Chart of the week Investment trusts are a cornerstone of the UK equity markets, dating back to the Victorian era, when they were created to widen access for individual investors to investments across the...
...The buyback, which represents 9 per cent of the trust’s shares, is the largest-ever for an investment trust, according to analysts at Jefferies....
...a stock exchange filing from the trust....
...The trusts have also been unable to raise equity to invest in green assets, as they generally avoid issuing shares while trading at a discount because this would dilute existing shareholders....
...Global, flexible investment, infrastructure, UK equity income and UK smaller companies were the most popular sectors among those who did buy....
...The trust has delivered annualised returns of 14.1 per cent over the past decade. It is an investor across the private equity spectrum, from venture capital to large buyout groups....
...Hedge fund Muddy Waters on Wednesday revealed a bet against a publicly listed real estate investment trust managed by private equity giant Blackstone....
...manager of the UK-focused Merchants Trust....
...Flows into S&P 500 ETFs were boosted by a technical factor last year when the $533bn SPDR S&P 500 ETF Trust (SPY) pulled in $31bn in two days in December....
...But they add to the lack of trust in local stocks which are already down 15 per cent over the past 12 months....
...AJ Bell, an investment platform, says its top 10 UK equity funds and trusts registered a 14 per cent increase in flows from January 1 to February 14....
...This was followed by $1.3bn in debt financing from Apollo Global Management to fund purchases of shares by a new employee trust....
...“If you have 10, 20, 30 years left to live, you don’t say goodbye or goodnight to equity returns completely.”...
...He will probably increase the bank’s targeted return on tangible equity by 100 basis points to 11 per cent for 2025. Finally, expect some clear cash figures for shareholder capital returns to come....
...Hedge fund short seller Muddy Waters on Wednesday revealed a short bet against a New York-listed mortgage trust managed by Blackstone, the private equity giant....
...The private equity trust has a market cap of £370mn and assets of £800mn. Its share price has dropped 57 per cent in the past three years....
...But I don’t know what that theory is, and it’s not in the slide decks from the office’s recent asset allocation review or its 2023 trust level review....
...Where a trust has a large allocation to private equity, investors may have doubts about the true value of unlisted holdings....
...Some equity trusts have focused on providing a generous income, with year-to-year dividend growth a priority for the board....
...PEPs allowed investments in authorised unit trusts and investment trusts if at least 75 per cent of the value of the investments held by the fund were invested in eligible UK companies....
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