Exclusive to subscribers to the Money Makers Circle Contents - What's new this week - Latest trust profile - Trust news over the past week - Recent issuance and buybacks - Good reads - Video reviews - Trust price and NAV performance - Z-scores - Investment Trusts Handbook - Appendices
What's new this week This week in the podcast, it is the turn of another seasoned and well-respected professional investor to offer his thoughts on recent developments, including the Budget, the markets, the trust sector and his own trust's performance. That investor is Joe Bauernfreund, manager of AVI Global (A...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
Exclusive to subscribers to the Money Makers Circle Contents - What's new this week - Latest trust profile - Trust news over the past week - Recent issuance and buybacks - Good reads - Video reviews - Trust price and NAV performance - Z-scores - Investment Trusts Handbook - Appendices
What's new this week On the podcast this week, I talk to Jim Strang, the experienced chairman of HgCapital (HGT), one of the very best long-term performers in the investment trust sector, about the current state of the private equity industry and the outlook for HGT following a period of what, by its standards, ...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
Exclusive to subscribers to the Money Makers Circle Contents - What's new this week - Latest trust profile - Trust news over the past week - Recent issuance and buybacks - Good reads - This week's biggest movers - Investment Trusts Handbook - Portfolio and video reviews - Appendices
What's new this week I came back from holiday in time this week to record a lengthy conversation with Alex Wright, the respected manager of Fidelity Special Values (FSV), who has put together a highly impressive track record since taking the reins of this trust in 2012, outperforming the All-Share index by an aver...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
UPDATE: HICL proposed a merger with InfraRed stablemate Renewables Infrastructure Group in November 2025, but the deal was quickly abandoned after discussions with shareholders. In July 2026, it announced a revised investment strategy, targeting annual returns of 10% (up from 7-8%) and putting up to 20% of its portfolio in higher-returning 'enhancer' assets.
HICL Infrastructure (ticker: HICL) was launched in 2006 and was the first London-listed infrastructure trust. It started with 15 PPI/PPP assets and 250m shares and has since grown its portfolio to over 100 assets with a share count of just under 2bn. Originally known as HSBC Infrastructure, it has been run by InfraRed Capital Partners since 2011 after it was created by a buyout of its...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
© 2026 Money Makers