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1 week ago | 
investmentweek.co.uk | Linus Uhlig
Hogg will succeed Doug Hart, who has served as CEO since 2019 and will be staying on in an advisory capacity as vice-chair of the firm's debt capital markets division. Alter Domus declined to comment on the exact reasons behind Hart's role change. The incoming chief executive has more than 25 years of experience in financial services, having previously worked for the BoE, McKinsey & Company, Morgan Stanley and more recently Visa Europe, where she served as CEO.
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1 week ago | 
investmentweek.co.uk | Linus Uhlig
According to the global economic body, "further refinements of the fiscal framework could held minimise the frequency of fiscal policy changes". The IMF praised the chancellor's fiscal plans, which restored her £9.9bn headroom at the Spring Statement, noting that her plans "strike a good balance between supporting growth and safeguarding fiscal sustainability".
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1 week ago | 
investmentweek.co.uk | Linus Uhlig
Speaking at Baillie Gifford's Investment Trust conference in Edinburgh on 15 May, Slater noted that SMT has had to contend with a "typically shorter" attention span of markets. As a result, "we have delivered a volatile ride for shareholders over the past five years", he admitted.
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1 week ago | 
investmentweek.co.uk | Linus Uhlig
Hogg will succeed Doug Hart, who has served as CEO since 2019 and will be staying on in an advisory capacity as vice-chair of the firm's debt capital markets division. Alter declined to comment on the exact reasons behind's Hart's role change. The incoming chief executive has more than 25 years of experience in financial services, having previously worked for the BoE, McKinsey & Company, Morgan Stanley and more recently Visa Europe, where she served as CEO.
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1 week ago | 
investmentweek.co.uk | Linus Uhlig
Germany's DAX index rose 1.7% on Monday while Europe's STOXX 600 ticked up by 1%, according to data from MarketWatch. Across the Atlantic, US markets were closed for Memorial Day but S&P 500 futures rose by 1.1%, while the dollar index has fallen by the same value over the past five days.
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2 weeks ago | 
investmentweek.co.uk | Linus Uhlig
According to a company notice today (23 May), the proposed strategy will see the trust sell its energy infrastructure portfolio. Victory Hill Capital Partners, the trust's alternative investment fund manager will be told to sell the portfolio "in a timely manner with a view to maximising value", VH Global explained.
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2 weeks ago | 
investmentweek.co.uk | Linus Uhlig
Subeva becomes the third ex-Credit Suisse employee to be banned for lacking integrity, after her co-conspirators, Andrew Pearse and Surjan Singh, were banned earlier this year in February, following their convictions on the other side of the Atlantic. AllianceBernstein set to sue Switzerland over $17bn Credit Suisse debt wipeout- reports An FCA statement explained Subeva was convicted for conspiracy to commit money laundering in relation to corrupt loans to the Republic of Mozambique.
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2 weeks ago | 
investmentweek.co.uk | Linus Uhlig
In total, over 50.7 million shares have been successfully tendered under the cash tender offer while more than 115.3 million shares were realised under the in specie option, according to a London Stock Exchange notice. Saba reportedly exits ESCT after early May tender offer Earlier this week, Stifel analysts Iain Scouller and William Crighton said the 115 million shares represented the "number owned by Saba," the US activist hedge fund that had a near 30% stake in the trust.
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2 weeks ago | 
investmentweek.co.uk | Linus Uhlig
He explained that while "we are all used to US companies being very good at propaganda…the announcement that came out of DeepSeek showed the Chinese are quite good at spinning a story as well". When DeepSeek first gained popularity in late January, investors questioned if its low-cost solutions to generative AI could dent the capital expenditure space race in the US, as mega cap technology companies continued to up their research and development budgets every quarter.
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2 weeks ago | 
investmentweek.co.uk | Linus Uhlig
In its full year results to the end of March 2025, SMT saw its NAV jump 11.2% and its share price tick up 6%. This represented a marginally better return than its FTSE All-World benchmark, which returned 5.5% over the same period, while the global sector average NAV return also increased by 5.5%. Despite this, the increases represented a downturn year-on-year. In the 12 months to 31 March 2024, SMT's NAV rose by 11.5% while its share price boomed by 32.5%.
