I promised to give a list of trusts that I think look to have good risk/reward potential on the basis of their current discounts. If as appears likely we are close to the current peak in the interest rate cycle, you would expect to see that reflected in an end to the persistent derating which has characterised the sector since early last year.
I created this list a week ago and by good fortune included Hipgnosis Songs Fund, which has already benefited from the agreed bid for Round Hill Music Royalty Fund announced this week. I will keep an eye on the performance of these 15 trusts from here a...
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I am inviting readers to send me questions and will be answering selected ones from time to time. While I cannot give individual investment advice, or specific buy or sell recommendations, I am happy to give my honest assessment of macro issues and specific trust or sectors, where I have something of value to say. Here is the first such question.
Q: What are the general implications for the funds held by an investment company if it is bought by private equity? Is there a prevailing sense of what the future holds? As an example I am thinking of RESI and GRID and the offer to buy Gresham Ho...
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