This is the latest article from our contributor Reg Hoare, who has worked for 40 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 reviews the performance of his holdings as we move into the second half of 2026.
Reg Hoare H1 performance and attribution It has been notable in recent weeks that investment companies reporting results for the period ended 31 March 2026 have been ruing the unfortunate timing of ha...
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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 - Videos and other recordings - Trust price and NAV performance - Z-scores - Investment Trusts Handbook - Appendices
What's new this week This week on the podcast, I resume my regular catch-up with Andrew McHattie, the editor of the Investment Trusts newsletter. We discuss the surge in the Japanese stock market and the snap election there, the latest developments at Saba Capital's targets Herald (HRI) and Edinbur...
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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 Jonathan Simpson-Dent, the chairman of Edinburgh Worldwide (EWI), ahead of the forthcoming requisitioned shareholder meeting called by Saba Capital for January 20th. Saba now has a 30% stake in the trust and is looking to have all six of the existing direc...
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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 - This week's biggest movers - Z-scores - Investment Trusts Handbook - Appendices
What's new this week On the podcast this week, Andrew McHattie and I have one of our regular conversations about recent announcements from the investment trust sector. Trusts we discuss include Chrysalis (CHRY), Golden Prospect Precious Metals (GPM), Third Point Investors (TPOU), Dunedin Income Growth (DIG), PRS REIT...
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Herald Investment Trust (HRI) was launched in 1994, and Katie Potts has been the trust's lead manager since its IPO. It holds a globally diversified portfolio of around 300 small-cap technology stocks; roughly a third of its portfolio is based in the UK (down from around two-thirds historically), another third is in North America, with the remainder in EMEA, Asia Pacific, and fixed-income securities. HRI tends to be a long-term holder and supports many companies via fundraising as they seek to grow their businesses. Its NAV returns since inception to July 2025 have been 11.4% per year for HRI,...
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This is the latest article from our contributor Reg Hoare, who has worked for 40 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 reviews the performance of his holdings over the second quarter of 2025.
Reg Hoare The best quarter After the tricky first quarter, Q2 2025 was a much-needed return to rising markets and to form for my SIPP portfolio, which produced its best three-monthly return since I started thi...
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This is the latest article from our contributor Reg Hoare, who has worked for 40 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 reviews the performance of his holdings over the first quarter of 2025.
Reg Hoare A tricky quarter Q1 proved to be a tricky quarter, with volatility driven by continued geopolitical and macroeconomic uncertainty. Against this background, my portfolio unsurprisingly gave up some of ...
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This is the latest article from our contributor Reg Hoare, who has worked for 40 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 reviews the performance of his holdings over calendar year 2024.
Reg Hoare A year of two halves It felt like a struggle to be honest – but in the end my SIPP’s 2024 return of 12.8% was pretty respectable, and it outperformed both the FTSE100 and FTSE All-Share indices. The portfolio...
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This is the latest article from our contributor Reg Hoare, who has worked for 40 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 looks back on the performance of his holdings in the second quarter of 2024.
Reg Hoare A much better second quarter After unpromising beginnings to 2024, Q2 turned out to be a much better quarter for performance across the market, bringing a smile to most investors and rescuing the ...
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This is the latest article from our contributor Reg Hoare, who has worked for 40 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 looks back on the performance of his holdings in the first quarter of 2024.
Reg Hoare A bit of a damp squib After the promise of Q4 last year, Q1 2024 turned out to be a bit of a damp squib for my SIPP’s performance. There were plenty of decent bright spots as my thesis on a number ...
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