Gavin Trodd News Today

Inflated growth figures and overvaluation of its catalogues led Hipgnosis Songs Fund to lose hundreds of millions over the last few years.

Baillie Gifford US Growth trust has posted a return to positive performance after two consecutive years of declining net asset value.

Shareholders who backed the launch of Augmentum Fintech in 2018 have had a frustrating time. But now is not the time to give up on this venture capital investor in challenger banks and financial services disrupters, with shares in the investment trust bouncing off a three-year low.

The £3.1bn Polar Capital Technology trust has continued to reposition towards AI winners after relative underperformance hit the vehicle.

The Baillie Gifford European Growth trust has significantly underperformed its index over the last year, it revealed in its annual results.

AVI Global Trust is seeing “fertile hunting ground” in the UK investment trust sector, as it pushes to take an activist approach to narrow discounts.

The Princess Private Equity (PEY) trust has appointed Peter McKellar as chair, effective from 23 November.

Pershing Square Capital Management, the hedge fund that runs the Pershing Square Holdings trust, has covered its bet against 30-year Treasuries.

The manager of the abrdn Asia Focus trust, Hugh Young, is set to retire at the end of this year, as the trust’s discount has continued to widen.

Scottish Mortgage has published a deep dive into its ten largest unlisted investments, an area of the portfolio that has been under intense scrutiny.