Stock Spotlight: Hipgnosis
SONG successfully issued a $700m debt refinancing programme this month, however the details of the “fundraising of last resort” leave questions.
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SONG successfully issued a $700m debt refinancing programme this month, however the details of the “fundraising of last resort” leave questions.
Fergus Shaw has co-managed the £139million fund since 2017. The hope is to reduce volatility and make investing a less hair-raising ride.
Questor share tips: songs fund that owns Canadian star’s catalogue did well to back him in his row with streaming service
Investors are raising questions about music royalty trusts that have been firm favourites as a diversifier
All I want for Christmas is music: Royalties to play bigger part in alternative asset space Investors confident music funds will hit right notes Hipgnosis' recent deal means it now owns a share of the rights to Mariah Carey's 'All I Want For Christmas Is You'. Photo: Sonia Moskowitz/Zuma Press/PA Images Music royalties are expected to become an ever-increasing part of fund buyers' alternative asset exposure, as governance and disclosure in the space improves and more access vehicles launch. The asset class came to prominence with the 1997 launch of 'Bowie bonds' sparking issuance of fixed inc...