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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....
...If you can buy an investment trust at a 10 per cent discount, and its underlying assets mirror those of an open-ended fund which yields 3 per cent, then you’ll get a 3.33 per cent yield for the same money...
...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”....
...A restoration of the boat was completed in 2013 thanks to Heritage Lottery Fund grants totalling £1.2mn....
...This can be done via UK-listed investment trusts like Chrysalis Investments and Augmentum Fintech....
...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....
...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....
...Mounting regulation is increasing the burden on asset managers, driving merger discussions in the industry as fund groups seek to increase their asset base and slash costs....
...Unfairly so, in the view of the industry and some parliamentarians. The rules require funds of funds to report the internal expenses of investment trusts they own on a look-through basis....
...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...
...The company said: “We’ve been making the changes needed to best serve existing and new clients in a fast-evolving industry landscape . . ....
..., who is a vice-president at Northern Trust Asset Management....
...*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...
...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....
...Its efforts to oust Norfolk’s Southern’s CEO and overhaul the board were backed by two labour unions as well as proxy advisory firms Institutional Shareholder Services and Glass Lewis....
...It was LATIII that took out the policy, paid all the premiums, and was its sole benefactor. In 2011, LATIII sold the Barotz trust to a fund allegedly controlled by Apollo....
...Still, the launch of crypto-linked funds by three of China’s largest mainstream asset managers has generated excitement within the industry, despite Beijing’s strict cryptocurrency rules and warnings from...
...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....
...Fund focus on the medical industry stood out in the context of a wider 35 per cent overall contraction in 2023 in private dealmaking in India, to about $39bn....
...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....
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