Peer2Peer Finance News
The UK's first peer-to-peer finance magazine for investors and the industry
  • Home
  • News
    • Personal Finance News
    • Industry News
    • SME News
    • Global News
  • Property
  • IFISA
    • IFISA Guide
  • Video
  • Open Banking
  • Cryptocurrency
  • Features
    • Joint Ventures and Promoted Content
  • Comment & Analysis
  • What is P2P?
  • Partners
  • Events
    • Past Events
  • P2P Power 50
    • Power 50 2020
    • Power 50 2019
    • Power 50 2018
    • Power 50 2017
  • Sign up to our e-newsletters
  • Magazine
  • Directory
  • Jobs
  • My Account
    • Manage Account
    • Change Password
    • Log In
    • Log Out
shutterstock_79161223
December 17 2018

Write-offs and legal disputes hit Ranger returns

Marc Shoffman Industry News, News alternative finance, investment trust, Princeton, Ranger Direct, Ranger Direct Lending

RANGER Direct Lending’s net asset value (NAV) return fell for the first time in two months as the investment trust was hit by write-offs and legal expenses.

The alternative finance-focused fund, which is in the process of being wound up, said in a stock market update that its October NAV was down 0.26 per cent.

Most of the decline came from write-offs from a Canadian small business lending platform but Ranger also took a hit from its ongoing legal dispute with Princeton, currency headwinds and hedging costs, and director fees.

It said it is in “continuing discussions” with its portfolio holdings about selling or refinancing its investments.

Ranger announced in June that it would be closing down, amid concerns over its performance and management changes. Two of the fund’s largest shareholders, Oaktree Capital Management and LIM Advisors, had been calling for the fund to be wound down for several months.

Chairman Christopher Waldron has departed and a new board, tasked with winding down the fund, was appointed at the annual shareholder meeting in July.

Victory Park Capital fund’s chair steps down for health reasons Entrepreneurs rank crowdfunding alongside banks as viable finance source

Related Posts

CLOSED Out of business shop sign vector illustration

Industry News, News, Top 3, Uncategorized

SME lender warns many companies will not survive

London, UK - Downing street offices, entrance gate

Industry News, News, Top 3

Government responds to P2P fraud query

money UK

Industry News, News, Property, Top 3

The alternative lenders accredited for CBILS

Popular posts:

  • MP queries level of fraud in P2P lending
  • Aave launches higher risk, higher return option for…
  • Some firms set to pay more than maximum CBILS interest rate
  • Growth Street to return 100pc of investor funds
  • A year in the life of the 36H Group
  • Investors urged to look at ISA options ahead of…
Back To Top
  • Home
  • Contact
  • About
  • Team
  • Advertising
  • Subscribe
  • Privacy
  • T&Cs
  • Disclaimer

Follow Us on Social Media

© Peer2Peer Finance News 2020
• Additional design by