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Peer2Peer Finance News | May 24, 2018

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Ranger Direct

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

Ranger Direct’s returns still suffering from Princeton proceedings

March 7, 2018 |

RANGER Direct Lending’s (RDL) ongoing legal dispute with its Princeton holding pushed its net asset value (NAV) return down to 0.43 per cent in January, the investment trust has revealed.

RDL has been locked in arbitration proceedings with Princeton since … 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

Ranger Direct defaults increase in third quarter

January 12, 2018 |

THE PERCENTAGE of overdue or defaulted loans in the Ranger Direct Lending investment trust portfolio ticked up in the third quarter, with most still coming from its property exposure.

A portfolio update from the alternative-finance focused fund, representing performance in … Read More

Ranger Direct legal costs push down November NAV

January 8, 2018 |

Ranger Direct Lending has said that legal expenses related to its ongoing arbitration with its Princeton holding pushed its net asset value (NAV) return down by 0.2 per cent in November, as talks continue into the new year.

The alternative … 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