Augmentum Fintech (AUGM) invests in early-stage financial technology companies that are based in the UK and Europe. It was launched in 2018 with a portfolio of five companies bought from the Augmentum partnership, which had been set up in 2010 by the trust's managers, Tim Levene and Richard Matthews, and with the backing of RIT Capital Partners. Follow-on equity fundraises in 2019, 2020, and 2021 allowed AUGM to build up its portfolio to around two dozen investments. Eight disposals have been made so far including Interactive Investor, Cushon, Dext, and Onfido. From its IPO up to September 202...
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This is the third article from a new contributor. Reg Hoare has worked for 30 years in the City, initially in investment banking and the securities business, latterly as managing director of MHP Communications. He has been investing in investment trusts as a private investor for more than three decades. Here he reflects on his large number of holdings in the smaller company sector.
Reg Hoare Doubling down (part one) Having revealed in several online events over the last year that I hold multiple investment trusts in a single AIC sector, I am often asked why wouldn’t one just hold a single t...
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This is the second article from a new contributor. Reg Hoare has worked for 30 years in the City, initially in investment banking and the securities business, latterly as managing director of MHP Communications. He has been investing in investment trusts as a private investor for more than three decades. Here he reflects on his holdings in private equity and growth capital.
Reg Hoare Mavericks Two of the worst performing investment trust sectors in the 2022 market sell off have been growth capital and private equity; this has been rather painful, if like me, one holds a significant weightin...
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In the first of a new regular series, our in-house expert Stuart Watson joins us to take a detailed look at this specialist fintech trust, which first came to the market in March 2018 and is currently looking to issue £40m of new shares in a secondary placing. Stuart qualified as a chartered accountant before moving into journalism and has 20 years of experience of owning and writing about investment trusts from an independent standpoint. This is his first article for the Money Makers circle.
History Augmentum Fintech (AUGM) was an IPO in March 2018. As the name suggests, it specialises in fi...
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