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Peer2Peer Finance News | September 23, 2018

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investment trust

Honeycomb buzzes about originations as NAV gets sweeter

September 21, 2018 |

THE HONEYCOMB Investment Trust saw its net asset value returns (NAV) improve in August, backed by “strong origination” across all its portfolio sectors.

The alternative finance-focused investment trust posted a total NAV return of 0.67 per cent last month, up … 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

P2PGI misses half-year dividend targets

September 6, 2018 |

P2P GLOBAL Investments (P2PGI) has expressed disappointment at missing its half-year dividend target, blamed on lower-than-expected returns in its legacy portfolio.

The investment trust, which has been shifting from consumer loans to asset-backed products, had aimed for a dividend of … Read More

Honeycomb buzzing about SME investment opportunities

September 5, 2018 |

THE HONEYCOMB Investment Trust expects to expand its small business exposure after starting the second half of the year with its net asset value (NAV) up 0.63 per cent.

The alternative finance-focused fund revealed in a performance update for July … Read More

P2PGI’s NAV recovers to highest level for 2018

September 3, 2018 |

P2P GLOBAL Investments (P2PGI) saw its net asset value (NAV) recover during July, posting its best monthly performance for 2018.

The alternative finance-focused investment trust reported on Monday that its NAV had increased by 0.52 per cent in July.

This … 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

Ranger Direct’s NAV stumbles for second consecutive month

August 22, 2018 |

TROUBLED investment trust Ranger Direct Lending (RDL) saw its net asset value (NAV) fall for a second consecutive month during June.

The alternative finance-focused fund is in the process of being wound up and saw its NAV fall 0.14 per … 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

Urica failure pushes P2PGI into a loss for June

July 30, 2018 |

P2P Global Investments (P2PGI) saw its net asset value (NAV) decline by 0.14 per cent in June due to its exposure to defunct supply chain platform Urica.

P2PGI wrote off an equity investment worth around £5.5m in Urica last week … Read More

VPC Specialty Lending posts record quarterly returns

July 30, 2018 |

VPC Specialty Lending (VSL) has recorded its strongest quarterly return since its inception in March 2015.

The alternative finance-focused investment trust produced a total net asset value (NAV) return of 3.37 per cent, boosted by its exposure to balance sheet … Read More