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...In another blow, Glass Lewis raised concerns over the board’s plan to be able to issue shares of up to 50 per cent of the company’s share capital — exceeding the 33 per cent cap set by the industry body,...
...longtime former partners of the hedge fund and which owned a small stake in the club before the sale....
...But other investment trusts face a battle to survive. Capital raisings, the industry lifeblood for new funds, have dried up....
...The New York-based hedge fund released a 133-page report this month that took aim at Disney’s board and set out initiatives to “restore the magic”....
...Purchases totalled £948mn last year, down 28 per cent from 2022’s record high of £1.3bn, according to data from the Association of Investment Companies, a trust industry body....
...The company said: “We’ve been making the changes needed to best serve existing and new clients in a fast-evolving industry landscape . . ....
...Green investment trusts say privately that investors now question the accuracy of some of their trusts’ NAVs and the discount rates used....
...They include Baillie Gifford’s flagship Scottish Mortgage Investment Trust, Bill Ackman’s £7.4bn Pershing Square Holdings, and the £2.5bn RIT Capital Partners trust....
...*Ignites Asia is a news service published by FT Specialist for professionals working in the asset management industry. Trials and subscriptions are available at ignitesasia.com...
...It says that Citrin’s valuation of Hipgnosis’s assets was “materially higher” than implied by recent music industry transactions The board also took a shot at the fund’s investment adviser, Hipgnosis Song...
..., who is a vice-president at Northern Trust Asset Management....
...The Securities and Exchange Commission is reducing the settlement time for US equities and corporate bonds from two days, referred to in the industry as T+2, to one day, or T+1, on May 28....
...Family trust sees glass half Fuller Like its hospitality peers in a sector grappling with a cost base that has risen significantly compared with pre-pandemic times, pub operator Fuller, Smith & Turner isn...
...Investing in companies at the forefront of structural change means share price peaks and troughs are inevitable, for both the companies we own and the trust itself....
...However, he added that Cook had “made a personal gain at the expense of the public purse” and pointed to a “high level of profit” and “abuse of trust” involved in the case....
...The trust invests in high-growth companies such as Nvidia and Tesla....
...It now exists with the sole mission of funding scientific research in climate change and health, infectious diseases and mental health....
...Spurs would be just the latest Premier League club to raise cash to fund the need to compete in a division of rivals owned by billionaires, private equity and sovereign wealth....
...(NZ Super Fund), a sovereign wealth fund owned by the New Zealand government and valued at more than $73 billion (NZD)....
...Older investors also gained exposure to technology through the Liontrust Global Technology fund and Polar Capital Technology Trust....
...A Ford family trust controls 40 per cent of the carmakers’s voting power, ensuring that the pay changes still passed this year. Ford declined to comment....
...Northern Trust’s Walsh said that about 75 per cent of asset managers and consultancies had admitted to him that they or their fund firm clients felt “half-prepared”....
...It is the sixth US asset manager to do so, joining Morgan Stanley, PGIA (the US division of Australia’s Perpetual), Dimensional Fund Advisors, Fidelity and First Trust....
...The active stockpicking funds that have been the industry’s bread and butter have suffered the biggest decline as a newer option, exchange traded funds, amassed more than $2tn in inflows in the US since...
...Ben Whitmore, the current manager of the Jupiter UK Special Situations Fund (AUM £2.1bn), Jupiter Income Trust (AUM £1.6bn), Jupiter Global Value Unit Trust (AUM £1.0bn) and Jupiter Global Value SICAV (AUM...
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