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Peer2Peer Finance News | March 21, 2018

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Princeton files for bankruptcy in latest Ranger Direct legal twist

March 12, 2018 |

Ranger Direct Lending’s (RDL) ongoing arbitration with the Princeton Alternative Income Fund has hit a new snag.

Princeton filed for bankruptcy last week, hours before its arbitration hearing with RDL over its exposure to bankrupt lender Argon Credit was due … Read More

P2PGI NAV ends 2017 on a high

January 29, 2018 |

P2P Global Investments (P2PGI) capped off a tumultuous 2017 with a boost to its net asset value (NAV) during December.

P2PGI, the first investment trust to back peer-to-peer loans, went through a management merger and shifted its strategy towards secured … Read More

Ranger Direct steps up hunt for new management

January 29, 2018 |

RANGER Direct Lending (RDL) has begun inviting interested parties to bid for management of the investment trust from May.

The  alternative finance-focused investment trust said in a stock market announcement on Monday that its current arrangements end in May 2018, … Read More

Honeycomb among the first funds to implement new accountancy rules

January 22, 2018 |

HONEYCOMB investment trust expects new accounting standards to have a minimal impact on its net asset value.

New accountancy disclosures are being introduced for companies whose financial year began on or after 1 January 2018 and the alternative lending-focused investment … Read More

Ranger Direct prepares for bigger losses from Argon bankruptcy

December 15, 2017 |

RANGER Direct Lending (RDL) is taking an additional gross reserve of $9.1m (£6.7m) against its indirect investment in bankrupt direct lending platform Argon.

The alternative finance investment trust, which backs secured business loans mainly in the US, has an investment … Read More

Funding Circle SME fund size to double following C share merger

December 8, 2017 |

THE FUNDING Circle SME Income Fund (FCIF) is set to double the value of its assets after announcing plans to convert its conversion shares into the ordinary portfolio on 20 December.

The investment trust, which invests in loans on the … Read More

P2PGI unveils new strategy that speeds up timetable for target returns

November 30, 2017 |

P2P GLOBAL Investments (P2PGI) has brought forward its timetable for reaching its target returns of six to eight per cent after unveiling its new portfolio strategy on Thursday morning.

The investment trust said it now expects to provide a dividend … Read More

Ranger Direct expects further write-downs in Argon dispute

November 14, 2017 |

RANGER Direct Lending (RDL) is expecting its net asset value (NAV) to be pulled down by around four per cent after its Princeton fund holding announced it was setting aside more money to cover losses in bankrupt direct lending platform … Read More

P2PGI re-enters Numis buy list thanks to Zopa securitisation

October 27, 2017 |

P2P GLOBAL Investments (P2PGI) has been given a new buy recommendation from broker Numis thanks to the latest securitisation of Zopa loans in its portfolio.

Numis said it has put P2PGI on its buy list again, after its share price … Read More

The P2P Power 50

October 2, 2017 |

PEER-TO-PEER lending has rapidly grown into a multi-billion-pound industry, bringing together the best in banking and technology as well as lawyers, regulators, analysts and fund managers.

So, who are the key players influencing the UK’s P2P sector? The inaugural Peer2Peer … Read More