Jeremy Gordon

United Kingdom

Editor at Citywire

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Articles

Sunday papers: Zuber Issa plots shock swoop for $10bn Castrol oils

6 days ago | citywire.com | Jeremy Gordon |Himanshu Singh |Ross Miller |Natalia Vasnier

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Revealed: Former Saba manager starts buying investment trusts in ‘coat tails’ strategy

1 week ago | citywire.com | Jeremy Gordon

A former Saba Capital fund manager has started buying into the investment trust sector since jumping ship to another US hedge fund this year, Citywire has learned. Pierre Weinstein, no relation to Saba founder Boaz Weinstein, worked at Saba for 15 years until joining Verition Fund Management as head of special situations investing at the start of 2025.
Capital Gearing sees ‘return to form’ with trusts boosting performance

1 week ago | citywire.com | Jeremy Gordon

Capital Gearing Trust (CGT) is once again fulfilling its core goal of growing investors’ wealth ahead of inflation, after a year which one analyst described as ‘a return to form’. Annual results for the capital preservation-focused investment trust, run for more than four decades by Peter Spiller, showed most areas of the portfolio contributing positively to performance.
Trust Watch: ‘Uninspiring’ Caledonia falls while India stalwart tries to rerate

1 week ago | citywire.com | Jeremy Gordon

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Scottish Mortgage gets back to outperformance after huge US tech sales

2 weeks ago | citywire.com | Jeremy Gordon

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.
Scottish Mortgage gets back to outperformance after huge US tech sales

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.
Richard Pease joins Rockwood Strategic’s advisory group

2 weeks ago | citywire.com | Danielle Levy |Michelle McGagh |Jeremy Gordon |James Carthew

Veteran European equity fund manager Richard Pease has joined the investment advisory group of UK smaller companies trust Rockwood Strategic (RKW). He will work alongside manager Richard Staveley and other members of the investment advisory group, which includes Harwood Capital’s Chris Mills and Adam Parker, the co-founder of Majedie Asset Management, to generate investment ideas and provide advice. Pease’s investment career spans more than 40 years.
What’s the future of investment trusts? - We asked Nick Train and six other managers

2 weeks ago | citywire.com | Jeremy Gordon

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FTSE subdued as unemployment hits four-year high

3 weeks ago | citywire.com | Michelle McGagh |Lotte Edwards |Jeremy Gordon

The FTSE 100 was subdued this morning, as UK unemployment reached a four-year high but wage growth remained well ahead of inflation. The main market was up just 6 points at 8,611 as the jobless rate ticked up to 4.5% in March versus 4.4% the month before, in line with market expectations, and its highest level since 2021. Wage growth, including bonuses, eased slightly to 5.5% over the first quarter from 5.7% over the previous three-month period.
Big shareholder blocks Rights & Issues buybacks again

3 weeks ago | citywire.com | Jeremy Gordon

A large shareholder in Rights and Issues (RIII) has once again rejected a plan to let the UK smaller companies investment trust resume share buybacks. At a general meeting yesterday, the board said opposition from a ‘single material shareholder’ meant a proposal to renew its authority to buy back up to 15% of its shares had been voted down.