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Peer2Peer Finance News | August 20, 2018

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Ranger Direct

Refreshed Ranger board to ‘aggressively pursue’ Princeton holding

July 19, 2018 |

THE NEW Ranger Direct Lending (RDL) board has said it will “aggressively pursue” all legal avenues in the investment trust’s ongoing proceedings with its Princeton holding.

RDL has been in a legal dispute over Princeton’s level of exposure to bankrupt lender … 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

Refreshed Ranger Direct Lending board readies for wind up

June 20, 2018 |

THREE directors nominated by rebel Ranger Direct Lending (RDL) shareholders have been voted onto the investment trust’s board.

RDL has been in an ongoing dispute with two of its main shareholders, Oaktree Capital Management and LIM Advisers, amid concerns about … Read More

Rebel Ranger Direct investor issues new plea for board changes

June 7, 2018 |

RANGER Direct Lending (RDL) investors’ mailboxes continue to fill up with open letters, with LIM Advisors issuing a rallying call for shareholders to back its vision for the beleaguered investment trust.

LIM Advisors, which holds 9.2 per cent of shares … Read More

Pressure mounts for Ranger board overhaul

June 6, 2018 |

INFLUENTIAL shareholder adviser Glass Lewis has recommended investors in the Ranger Direct Lending (RDL) fund support the installation of two new board members but oppose the removal of chairman Christopher Waldron.

RDL has been locked in dispute with key investors … Read More

Ranger Direct hits back at shareholders ‘imposing own agenda’

May 8, 2018 |

RANGER Direct Lending (RDL) has accused two of its shareholders of attempting to impose their own agenda on the future of the investment trust.

It comes as Oaktree Capital issued a third letter to RDL expressing disappointment over performance and … Read More

Ranger Direct chooses new investment manager

May 1, 2018 |

RANGER Direct Lending (RDL) is recommending alternative asset manager Ares to take over the fund’s management, who plans to shift its focus towards asset-backed loans.

The alternative finance-focused fund said that it is giving 12 months’ notice to the current investment … Read More

Is there still life left in P2P investment trusts?

April 27, 2018 |

PEER-TO-PEER investment trusts are increasingly getting a boost by moving away from marketplace and direct lending platforms, but investors may be starting to lose patience.

When the first peer-to-peer focused investment trust, P2P Global Investments (P2PGI), launched in 2014, there … Read More

Ranger Direct sees late loans and defaults decline

April 16, 2018 |

THE PROPORTION of late or overdue loans in the Ranger Direct Lending (RDL) investment trust portfolio fell in the final three months of 2017.

A fourth quarter update from the alternative finance-focused fund showed that out of its 7,297 current investments, … Read More

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