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Peer2Peer Finance News | August 25, 2019

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investment trust

Honeycomb NAV returns to 2019 high

August 21, 2019 |

HONEYCOMB investment trust posted a slight improvement in its net asset value (NAV) return last month, matching its previous highs for 2019.

The alternative finance-focused fund saw its NAV grow 0.67 per cent in July, up from 0.65 per cent … Read More

Honeycomb Investment Trust premium under threat from Woodford sell-off

July 26, 2019 |

HONEYCOMB Investment Trust’s premium could be under threat due to pressure on one of its biggest shareholders, Neil Woodford, to sell off assets.

The former star fund manager dramatically suspended trading in his Equity Income Fund last month, following a … Read More

P2PGI posts weaker NAV return due to remaining exposure to Urica

July 3, 2019 |

P2P Global Investments’ (P2PGI) net asset value (NAV) return slowed in May due to remaining exposure in collapsed invoice financing platform Urica.

The London-listed alternative finance-focused investment trust posted a NAV return of 3.41 per cent on an annualised basis, … Read More

VPC Specialty Lending sees monthly NAV growth almost halve in May

June 28, 2019 |

BALANCE sheet investments continue to make up the bulk of returns for the VPC Specialty Lending (VSL) investment trust.

The alternative finance-focused fund reported balance sheet investments made up 1.02 per cent of gross returns during May but after costs … Read More

Old RDL board ‘failed to manage platform exposures’

June 18, 2019 |

THE PREVIOUS board of RDL Realisation failed to prudently manage and monitor platform exposures, the investment trust claims.

The fund, previously named Ranger Direct Lending, has claimed in its delayed annual report that established practices within the lending industry were … Read More

Augmentum Fintech unveils £30m share offer

June 14, 2019 |

AUGMENTUM Fintech has unveiled plans for a new share issue to raise approximately £30m.

The fintech-focused investment trust, which has Zopa as its largest holding, is to issue 26,785,714 ordinary shares priced at 112p each and may increase the offering … Read More

Funding Circle investment trust secures backing for closure

June 11, 2019 |

SHAREHOLDERS in Funding Circle’s dedicated investment trust have backed winding down the fund.

An extraordinary general meeting (EGM) was held this morning, where it was agreed that the investment objective and policy of the fund be modified to facilitate a … Read More

Augmentum Fintech seeks backing for 150m share issue

June 11, 2019 |

ZOPA-backer Augmentum Fintech is set to seek shareholder approval to issue a further 150m of shares over the next 18 months to back £450m worth of potential investments.

The fintech-focused investment trust’s shareholders will be able to vote on the … Read More

Funding Circle investment trust asks shareholders to approve wind-down plans

May 22, 2019 |

FUNDING Circle is set to begin a managed wind-down of its dedicated investment trust, the Funding Circle SME Income Fund (FCIF), once it gets the green light from shareholders.

The FTSE 250-listed peer-to-peer business lender said last month that shareholders … Read More

Honeycomb NAV stays sweet for April

May 21, 2019 |

HONEYCOMB Investment Trust has maintained its record net asset value (NAV) return for April.

The alternative-finance focused fund posted an NAV return of 0.67 per cent, a five-month high and level with its March performance.

The fund is now up … Read More