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Peer2Peer Finance News | September 16, 2019

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P2PGI legacy portfolio continues to drag on returns

September 13, 2019 |

P2P GLOBAL Investments (P2PGI) has warned its legacy portfolio continues to drag on its profitability.

A half-year report from the investment trust – which shifted its portfolio from peer-to-peer loans to other specialist alternative assets in 2017 – said its … Read More

P2PGI blames writedowns and Funding Circle bad debts for poor July

September 3, 2019 |

P2P GLOBAL Investments has blamed writedowns in the value of two equity stakes and bad debts from Funding Circle for a “disappointing” performance in July.

The alternative finance-focused investment trust delivered a 0.33 per cent NAV return for the month … Read More

P2P Global Investments sells Castlehaven stake

August 27, 2019 |

P2P GLOBAL Investments (P2PGI) has sold its interests in Castlehaven Finance to Avenue Capital Group for €250m (£226.4m).

The sale includes P2PGI’s 25 per cent equity stake in the Irish alternative lender as well as loans and other debt interests. … Read More

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 and P2PGI end £1bn merger talks over Woodford concerns

August 19, 2019 |

HONEYCOMB Investment Trust and P2P Global Investments (P2PGI) have ended talks over a £1bn merger due to fears over the combined company’s exposure to troubled fund manager Neil Woodford.

Sky News reported that the takeover was proposed by Pollen Street … Read More

Are P2P investment trusts starting to thrive?

August 1, 2019 |

PEER-TO-PEER investment trusts have taken some time to get going.

Despite starting strong, the likes of P2P Global Investments (P2PGI), VPC Specialty Lending, Honeycomb Investment Trust and Ranger Direct Lending (now called RDL Realisation) have stuttered in recent years.

RDL … 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

Trade body categorises P2P funds differently as part of wider revamp

May 8, 2019 |

PEER-TO-PEER and alternative finance-focused investment trusts will be categorised differently by  the Association of Investment Companies (AIC) as part of an overhaul of the trade body’s investment company sectors.

The AIC is making the changes following a year-long review and … Read More