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...Two of the UK’s biggest star fund managers suffered £2.2bn in outflows last year after investors fled the underperforming funds in favour of cheap passive equity offerings and high-yielding cash products...
...The board of Scottish Mortgage Investment Trust has announced a £1bn share buyback in an attempt to prop up its share price, which is at a 13 per cent discount to its net asset value....
...Popular investment trusts which are trading at discounts include Scottish Mortgage at 14.71 per cent, Alliance Trust at 5.25 per cent and the City of London Investment Trust at 1.66 per cent....
...Block argued that the losses on the book of loans in the trust could be between about $2.5bn and $4.5bn, close to its market capitalisation....
...So it’s important that you choose an adviser or a company 1) you like and 2) who you trust. Because that person is going to be involved in some of the biggest financial transactions of your life....
...The three biggest recipients of bank credit commitments are 1) “other vehicles”, which UBS says includes closed-end funds, pensions, hedge funds and other investment funds 2) non-bank mortgage brokers, along...
...in 2007....
...First-time buyers have suffered from the end of the government’s Help to Buy loan scheme in March, as well as the sharp rise in mortgage costs from near 2 per cent on average in early 2022 to about 5 per...
...Barratt has cemented its position as the UK’s largest housebuilder after agreeing to buy rival Redrow in a £2.5bn deal, as developers weather the property market downturn....
...And property values are correcting: newbuild properties prices were down 2 per cent in annualised terms last year, compared to 10 per cent price growth late last decade....
...SoftBank, a large tech investor, has already provided $650mn in financing to Better, and its Vision Fund 2 invested $500mn in April 2021....
...That is the biggest fall in absolute and percentage terms since records began in 2007....
...While lenders have competed more vigorously on mortgage rates in recent weeks, prompting a decline in fixed rates, the average five-year fix is at 5.93 per cent, compared with 2.55 per cent in October 2021...
...This compares with the total UK market cap of £2.4tn....
...A record number of home sales in New York last quarter were cash purchases as high mortgage rates deter all but the richest buyers....
...The board of directors is recommending that this year the total dividend be increased by 14.2 per cent to 4.10 pence per share....
...Business investment, meanwhile, fell by 3.2 per cent, slightly less than the previous estimate from the Office for National Statistics....
...At the Sohn investment conference in London on Wednesday, Block said he is shorting Blackstone Mortgage Trust, a publicly traded real estate investment trust Blackstone took control of a decade ago as it...
...Phase 2: December 2006-January 2007. The economy provides compelling evidence that it is more resilient than many had earlier believed....
...The government said it would extend the tax advantages of venture capital trusts and the enterprise investment scheme by 10 years to 2035....
...But it will discontinue purchases of exchange traded funds and Japanese real estate investment trusts....
...A broader measure by Trepp forecasts $2.2tn in commercial real estate debt maturing over the next three years....
...Blackstone Mortgage Trust and KKR Real Estate Finance Trust, two of the biggest mortgage real estate investment trusts, have halted loans to any new borrowers....
...Bhidé criticised the board for not doing enough to narrow the discount, by buying back trust shares. Scottish Mortgage said it had bought back 2 per cent of shares issue last year....
...So venture capital trusts and the Enterprise Investment Scheme carry lots and lots of valuable tax reliefs....
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