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Peer2Peer Finance News | November 17, 2018

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investment trust

Ranger Direct ZDP share class backs new strategy

November 15, 2018 |

RANGER Direct Lending (RDL) has secured backing from the board of its zero-dividend preference (ZDP) share class for its new investment policy ahead of its general meeting on 16 November.

Shareholders are set to vote on the beleaguered fund’s new … Read More

Ranger Direct investment manager brings departure date forward

November 13, 2018 |

RANGER Direct Lending’s (RDL) investment manager has terminated its agreement early to run the alternative finance-focused fund, which is in the process of being wound down.

Ranger Alternative Management, which manages the RDL portfolio, has said it intends to step … Read More

Court backs Ranger Direct’s call for independent trustee in Princeton bankruptcy

November 7, 2018 |

AN INDEPENDENT trustee is set to be appointed to assume management and control of beleaguered Ranger Direct Lending’s (RDL) Princeton holding.

Alternative finance-focused investment trust RDL has been locked in legal wrangles with its Princeton holding since last year, initially … Read More

Legacy portfolio weighs on P2PGI gains

October 31, 2018 |

P2P GLOBAL Investments (P2PGI) saw its gains pushed down by its exposure to defunct supply chain platform Urica over the third quarter of 2018.

The alternative finance-focused investment trust revealed its net asset value (NAV) return was 0.44 per cent … Read More

Ranger Direct Lending rejects Princeton bankruptcy resolution

October 23, 2018 |

RANGER Direct Lending (RDL) has rejected an attempt by its Princeton holding to appoint an independent restructuring officer as the dispute between the two fund houses continues.

Alternative finance-focused investment trust RDL has been locked in legal wrangles with its … Read More

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