Exclusive to subscribers to the Money Makers Circle Contents - What's new this week - Latest trust profile - Trust and market news - 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 On the podcast this week, there are two episodes. In the first, I talk about commercial property in depth with Marcus Phayre-Mudge, the long-serving manager of TR Property (TRY), a trust that invests in the shares of other property funds. In the second, I discuss recent news from the s...
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European Smaller Companies (ticker: ESCT) was launched in 1990 and, until a few years ago, was known as TR European Growth. This trust was managed by Stephen Peak for its first two decades, with Ollie Beckett taking over in 2011, so it has only had two lead managers in 36 years. ESCT has returned about 12.5% per annum since inception, but performance under Peak was considerably more volatile, with bumper returns in the 1990s followed by a torrid decade in the 2000s. Over the last decade, its returns have been somewhat more consistent, and it has beaten its benchmark by about 1.5 percentage poi...
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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 - Trust watch - 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 look for a second opinion on the outlook for Japan by talking to Paul ffolkes Davis, the chairman of Rising Sun Management, which manages Nippon Active Value (NAVF), a Japanese activist fund that has grown impressively through a combination of perfo...
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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 revisit the complex and, for shareholders, frustrating world of battery storage with Ben Guest, the manager of Gresham House Energy Storage (GRID). It has been "the best and worst of times" for this renewable energy trust since its IPO in 2018 - orig...
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Saba Capital and the Baillie Gifford-run Edinburgh Worldwide (EWI) are at loggerheads again, a year after the activist first tried to oust its directors and replace them with its preferred alternatives. This time, a lot of focus has been on EWI's stake in SpaceX, where it recently sold down a large chunk of its holding a few months before a large increase in the company's valuation. Here, we look at the history of SpaceX in the various Baillie Gifford trusts that have invested in it. At $800bn, SpaceX is the world's most highly valued private company, and it is rumoured to be targeting an IPO ...
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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 - Thoughts on the news - Good reads - This week's biggest movers - Investment Trusts Handbook - Portfolio and video reviews - Appendices
What's new this week On the podcast this week I have another regular catch-up on recent trust news with Andrew McHattie, the editor of the Investment Trusts newsletter. We are also publishing a transcript of my conversation with Peter Spiller, the long-serving manager of Capital Gearing Trus...
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Exclusive to subscribers to the Money Makers Circle Contents - On the podcast this week - Latest trust profile - Trust news over the past week - Recent issuance and buybacks - Thoughts on the news/portfolio reviews - Good reads - This week's biggest movers - Investment Trusts Handbook - Video reviews - Appendices
What's new this week On the podcast this week I talk to Max King, the former fund manager at Investec, and now a popular columnist in the media, about the dramatic events of the last few days, including the market reaction to Trump 2.0. We also discuss the investment trust sector in ...
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Exclusive to subscribers to the Money Makers Circle Contents - On the podcast this week - Latest trust profile - Trust news over the past week - Recent issuance and buybacks - Thoughts on the news/portfolio reviews - Good reads - This week's biggest movers - Investment Trusts Handbook - Video reviews - Appendices
On the podcast this week On the podcast this week I talk first to Richard Staveley, the manager of Rockwood Strategic (RKW), the best-performing trust in the UK small-cap sector, though one that specialises in riskier small caps at the bottom of the market capitalisation scale. It is...
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Exclusive to subscribers to the Money Makers Circle Contents - On the podcast this week - Latest trust profile - Trust news over the past week - Recent issuance and buybacks - Thoughts on the news/portfolio reviews - Good reads - This week's biggest movers - Investment Trusts Handbook - Video reviews - Appendices
On the podcast this week The podcast this week features, first, a conversation with Nick Train, the popular and respected manager of Finsbury Growth and Income (FGT), reflecting on the challenges posed by four years of relative underperformance. The trust today has what is surely the...
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Exclusive to subscribers to the Money Makers Circle Contents - On the podcast this week - Latest trust profile - Trust news over the past week - Recent issuance and buybacks - Thoughts on the news/portfolio reviews - Good reads - This week's biggest movers - Investment Trusts Handbook - Video reviews - Appendices
On the podcast this week The podcast this week features a conversation with Alan Gauld, manager of Patria Private Equity (PPET), which in en earlier recent existence was known as Aberdeen Private Equity. It is one of a number of episodes that I recorded before leaving on holiday last...
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