Money Makers

UPDATE: Round Hill Music Royalty was sold to Concord for $1.15 per share in October 2023.

Round Hill Music Royalty Fund is the smaller and newer of the two music royalty funds although its investment adviser, Round Hill Music, has been around since 2010. The two music trusts (Round Hill and Hipgnosis) look similar in many ways but Round Hill's catalogue of songs is older and more skewed towards rock music, it has a slightly lower level of gearing and it has been much less acquisitive. Round Hill joined the market in late 2020 and is targeting a long-term annualised return of between 9 and 11%...