Hipgnosis lost millions to music overvaluation, report reveals
Inflated growth figures and overvaluation of its catalogues led Hipgnosis Songs Fund to lose hundreds of millions over the last few years.
Stay updated with breaking news from Gavin Trodd. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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.