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Peer2Peer Finance News | January 23, 2019

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Funding Circle SME Income Fund

Funding Circle fund’s monthly NAV falls to record low

December 18, 2018 |

FUNDING Circle’s dedicated investment trust has seen its largest-ever decline in monthly net asset value (NAV) returns, partly due to an underperforming cohort of UK loans.

The Funding Circle SME Income Fund (FCIF) saw its NAV drop by 1.4 per … Read More

Funding Circle fund secures £150m British Business Bank facility

November 28, 2018 |

THE BRITISH Business Bank (BBB) is set to back up to £150m of loans on the Funding Circle platform, through the peer-to-peer lender’s listed investment fund.

The state-backed bank will provide the facility in the form of a senior, floating … Read More

The Peer2Peer Finance News Power 50 2018

November 1, 2018 |

The 2018 Peer2Peer Finance News Power 50 demonstrates just how much this multi-billionpound industry has achieved over the past year.

Our definitive annual list of the 50 most influential people in the UK’s P2P sector includes the head of the … Read More

Funding Circle fund sees increase in value of US loan defaults in August

September 14, 2018 |

FUNDING Circle’s fund has seen the value of defaulted US loans in its portfolio in August grow above the 2018 average.

An August update from the peer-to-peer business lender’s listed investment trust, the Funding Circle SME Income Fund (FCIF), revealed … Read More

Funding Circle fund to address opposition to key board appointments

September 7, 2018 |

A THIRD of investors in the Funding Circle SME Income Fund (FCIF) have expressed opposition to the re-election of senior executives Richard Boleat and Sachin Patel.

The investment trust held its annual general meeting this week, where 34.32 per cent … Read More

Funding Circle fund unveils plans to issue up to 500m new shares

August 30, 2018 |

FUNDING Circle’s dedicated investment trust is planning another round of share issues over the next 12 months.

The Funding Circle SME Income Fund (FCIF) has published a prospectus detailing plans to issue up to 500 million ordinary and conversion shares … Read More

Funding Circle fund begins shift from US loans

August 16, 2018 |

FUNDING Circle’s dedicated investment trust expects its US exposure to fall to 22 per cent over the next two months as it continues its migration to focus more on UK and European loans.

A July update from the Funding Circle … Read More

Funding Circle fund cuts dividend target as currency hedging costs rise

June 29, 2018 |

THE FUNDING Circle SME Income Fund (FCIF) has reduced its annual dividend target as a result of increased costs of hedging its portfolio’s currency exposure.

The investment trust, which backs loans across Funding Circle’s platforms in the UK, US, Germany … Read More

Funding Circle SME Income Fund readies prospectus for new share issues

June 13, 2018 |

FUNDING Circle’s listed investment trust is planning another 12-month programme of share issues.

The Funding Circle SME Income Fund (FCIF) has provided a stock market update, revealing a new prospectus will be published to allow for an equity issue in … Read More

New reporting rules push down Funding Circle fund’s returns

May 15, 2018 |

THE Funding Circle SME Income Fund (FCIF) has reported its first drop in net asset value since 2016 after adopting new IFRS 9 reporting standards.

The new accountancy standards mean funds have to include potential losses in their portfolio. The … Read More