Gavin Lumsden

Cordiant Digital Infrastructure (CORD) is poised to enter the FTSE 250 after delivering a second year of strong returns with the shares continuing to rerate in anticipation of the returns from its big investment in datacentres. Annual results for the year to 31 March show the European and US portfolio generated a total underlying return […]

Marc van Gelder, chair of JPMorgan European Discovery (JEDT), will step down next month after nine years on the board, pleased that the change in fund managers he oversaw two years ago has turned round performance. Annual results show the £599m smaller companies trust run by JP Morgan portfolio managers Jonathan Ingram, Jack Featherby and […]

Utilico Emerging Markets (UEM) has celebrated its 20th anniversary with a strong year for performance and the declaration of a 2.5p per share special dividend on top of shareholders’ 30.2% total annual return. Fund managers Charles Jillings and Jacqueline Broers delivered a 25.9% total underlying investment return for the year to 31 March that lagged […]

NextEnergy Solar (NESF) has appealed for shareholders to vote for the company’s continuation at its annual general meeting (AGM) in August saying it is taking “decisive action” to narrow the 38% share price discount. In its annual results the £271m investment company said talks were underway with potential buyers for the first 45MW of 120MW of assets lined […]

Pantheon Infrastructure (PINT) has agreed to invest $55m (£41m) in Terra-Gen, a US renewable energy platform, through a co-investment vehicle managed by Igneo Infrastructure Partners, an Australia-based global fund manager owned by Mitsubishi UFJ Financial Group in Japan. The developer and operator of utility-scale solar, wind and battery storage infrastructure has its main operation in […]

Global inflows into exchange-traded funds (ETFs) hit a record $1.07trn in the first five months of the year with active ETFs capturing 38.5% of new money, according to data provider ETFGI. Building on last year’s momentum, active ETFs drew in $411.75bn from January to May, almost double the $220.5bn gathered in the same period last […]

Polar Capital Technology (PCT), the best performing investment trust over five years, took some profits last month and adopted a more defensive posture as a broadening rally in artificial intelligence (AI) stocks pushed its shares 18% higher and fund managers Ben Rogoff and Alastair Unwin made room for SpaceX in their portfolio. Rogoff told Citywire […]

RTW Biotech Opportunities (RTW) and International Biotechnology Trust (IBT) have both bagged a further gain from the M&A wave sweeping their sector after US drugs giant AbbVie swooped on portfolio holding Apogee Therapeutics with a $10.9bn cash bid that bolsters its treatment pipeline for inflammatory ‌diseases like atopic dermatitis and asthma. Shareholders in the Nasdaq-listed […]

JPMorgan European Growth and Income (JEGI) has underlined why European Opportunities Trust (EOT) last month chose it as the main rollover option for shareholders in wind-down with annual results boasting a 20.1% investment return for the year to 31 March. JEGI’s advance in net asset value beat the MSCI Europe ex-UK’s 14.8% return by 5.3% […]

IP Group (IPO), the £581m early-stage investor in university spin-off companies, has rejected a bid approach from Railpen, the £34bn railways pension scheme. Railpen, which has invested in IP Group since 2019 and holds an 18.4% stake, yesterday published an offer of 69.7p per share, including 59p cash, with an additional 5p per share if […]