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Peer2Peer Finance News | July 21, 2019

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Numis

P2PGI returns improve as it continues shift away from P2P assets

May 2, 2019 |

P2P Global Investments (P2PGI) reported an increase in its net asset value (NAV) return in March, as it continues to shift away from peer-to-peer lending assets.

The London-listed investment trust posted a NAV return of 0.56 per cent in March, pushing … Read More

Ranger warns of $13.5m hit from Princeton as it appoints new manager

February 12, 2019 |

RANGER Direct Lending (RDL) has revealed it expects to write off nearly half its investment in a fund run by bankrupt Princeton Alternative Funding, as it appoints a new investment manager and director.

RDL, which is in the process of … Read More

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

Ranger Direct Lending makes cash offer to close ZDP share class

November 29, 2018 |

RANGER Direct Lending (RDL) has made a cash offer to holders of its zero dividend preference (ZDP) share class as part of the wind down of the beleaguered investment trust.

The alternative finance-focused fund – which has been buying back … Read More

Numis analysts query value of RDL assets

November 14, 2018 |

ANALYSTS are predicting the early termination of Ranger Direct Lending’s (RDL) management will reduce costs but have raised questions over the timetable for closure and value that can be gained from the fund’s remaining assets.

In a note to clients, … 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 warns impairment may increase from Princeton holding

October 15, 2018 |

RANGER Direct Lending (RDL) has warned that it anticipates a further hit to its coffers from its Princeton investment.

The London-listed alternative finance fund, which is in the process of being wound down, said that Princeton may have “incorrectly estimated … Read More

Funding Circle lists on London Stock Exchange

September 28, 2018 |

FUNDING Circle has officially been listed on the London Stock Exchange with an initial public offering (IPO) of £300m, and a valuation of £1.5bn.

It is the first UK-based peer-to-peer lending platform to go public.

Samir Desai (pictured), chief executive … Read More

Ranger Direct Lending: What really happened

July 17, 2018 |

AT ITS annual shareholder meeting on 19 June, Ranger Direct Lending (RDL) began the process of winding down its alternative lending fund, just three years after it was launched on the London Stock Exchange.

The previous day, three of the fund’s … Read More

New Ranger dispute emerges over takeover vote

June 4, 2018 |

RANGER Direct Lending (RDL) has got into a new spat with one of its shareholders, this time over who can vote on the management takeover of the alternative-finance focused investment trust.

RDL is already facing calls to be wound down … Read More