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2 weeks ago | 
citywire.com | Himanshu Singh |Michelle McGagh |david kempton
Our daily roundup of analyst and fund manager commentary on shares. Twitter Facebook Linkedin WhatsApp >print Already have an account? Do you personally advise on or manage investments for clients?
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2 weeks ago | 
citywire.com | Lotte Edwards |Jeremy Gordon |Michelle McGagh |david kempton
Scottish Mortgage (SMT) acknowledges it has been a ‘rollercoaster ride’ for its investors in recent years, but has returned to outperformance while buying back nearly £2bn of its own shares to try to tackle a stubborn discount.
Annual results for the 12 months to end of March capture a run of stronger performance for the £11.6bn investment trust, run by Baillie Gifford’s Tom Slater and Lawrence Burns.
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2 weeks ago | 
citywire.com | Himanshu Singh |Michelle McGagh |david kempton
Our daily roundup of analyst and fund manager commentary on shares. Twitter Facebook Linkedin WhatsApp >print Already have an account? Do you personally advise on or manage investments for clients?
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2 weeks ago | 
citywire.com | Dylan Lobo |Michelle McGagh |david kempton
Third Point Investors’ (TPOU) plan to turn itself into a reinsurance platform with the acquisition of Malibu Life has rankled shareholders, with Asset Value Investors (AVI) calling it an ‘odious’ deal that smacks of poor governance.
The £456m London-listed hedge fund run by Dan Loeb has announced its intention to acquire Malibu Life Reinsurance, a US reinsurance platform focused on the fixed annuity market.
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1 month ago | 
citywire.com | Himanshu Singh |Jeremy Gordon |Michelle McGagh |david kempton
UK and European stocks have rallied sharply after a massive rebound on Wall Street overnight following the Trump administration announcing a 90-day pause to the tariffs slapped on US trading partners last week.
The FTSE 100 rose 4.6%, or 353 points, to 8,033 at around 8.50am.
More domestically-exposed UK ‘mid-caps’ also rebounded, with the FTSE 250 up 4.8% to 18,754, while the pan-European Stoxx 600 was up 6.1%. Already have an account?
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1 month ago | 
citywire.com | Michelle McGagh |david kempton
We’re being swamped with Trump proclamations, provoking media reaction from all sources almost by the hour.
How should the investor respond? Ignore, play golf and turn off? Or skim the salient points then adjust portfolios in response to the macro global influences?
It is easier for the private investor or small fund manager to respond to events since with smaller equity and bond units they can usually be traded promptly.
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Feb 18, 2025 | 
citywire.com | david kempton |Miles Costello |Natalia Vasnier
Vera German, the Elite investor who manages the Schroder ISF Emerging Markets Value fund with Juan Torres, likes to tell clients that if they recognise more than a couple of companies at the top of her portfolio then she and her fellow portfolio manager are not doing their jobs properly. Her focus is on investing in little-noticed businesses whose profits and share prices have been clobbered but where a recovery in both looks to be firmly on the cards.
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Feb 18, 2025 | 
citywire.com | Miles Costello |david kempton |Natalia Vasnier
As an occasional Citywire correspondent with no committed deadline, I have written this piece three times, but dallied in submitting, by which time more Trump missives had affected some investment assumptions. I hoped for some clarity on global tariffs, territorial ambitions and a credible direction in calming the two major conflicts, but it is now clear that we will be in limbo for a while and that investors can only press on regardless, whilst being mindful of the potential disruptions.
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Nov 18, 2024 | 
citywire.com | Phil Oakley |david kempton |Julian Bovill
Shares in electric utilities are rarely seen as exciting and are usually owned for their dividend income. However, the increasing electrification of our daily lives and the need for it to be powered from clean and renewable sources has created a platform for profits growth for years to come.
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Nov 18, 2024 | 
citywire.com | Michelle McGagh |Gavin Lumsden |david kempton |Jamie Colvin
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