The £77.1m fund has struggled over the past three years, losing 28.4% compared to the IA Japan sector’s 11.9% positive total return, according to data from FE fundinfo. HL lead investment analyst Kate Marshall said: “Due to the risk this poses to investors, we have taken the decision to remove the fund from the Wealth Shortlist.” Japan managers help maintain number of consistently top quartile performing funds According to Marshall, the FSSA has placed the fund under strategic review due to its shrinking size in recent years, as the vehicle may no longer be “commercially viable” fo…

Under the partnership, Preqin will enhance the Privatize Private Market Institute’s offering by providing data and insights on the asset class, while the institute will curate Preqin’s content in local languages to educate its clients on products, market trends, themes and industry developments. Pantheon teams up with iCapital to bolster distribution of semi-liquid PE strategy The two companies argued private markets are “historically opaque” and lack educational offerings, which especially impact financial advisers and wealth managers. Christoph Knaack, CEO of Preqin, said: “At Pr…

According to a letter sent to shareholders at the end of last week, the strategy’s net assets had fallen to approximately €86m. Investors pull £1.1bn from Jupiter’s value equity strategies in first quarter As a result of the diminishing assets, “the board of directors…has resolved to liquidate the fund”, the letter stated. Lee Manzi and Makeem Asif will depart from Jupiter once the fund has finished its closing checks. A Jupiter spokesperson confirmed their exit from the asset manager, “once they have worked with us to close the fund and return money to investors.” However, t…

Co-founders Stephane Grandguillaume, John Cavill and Antoine Matton served at the London-based private equity group on the aforementioned team and have worked together since 2009. Grandguillaume, Alba’s CEO, said: “We are delighted to announce the launch of Alba, which will focus on infrastructure projects across the mid-market space, where we see ample attractive investment opportunities supported by strong megatrends.” Private equity sector tops investment trust performance tables in 2023 Cavill, the firm’s CIO, echoed Gandguillaume’s sentiments: “Alba has a proven asset and fund…

The platform faced criticism when it started using an independent third party to determine value assessments for those funds or trusts that did not provide a report themselves. As a result, AJ Bell changed the way it operates its value assessment following discussions with stakeholders and clients, leading to the reversal of assessment scores in certain cases. AJ Bell attacks ‘counterproductive’ GB ISA as dividend jumps 21% A spokesperson for the platform told Investment Week: “We review the fair value assessments of investments on our platform on an ongoing basis. Since our last r…

Richard Wilson, CEO of interactive investor, argued the duty was a “pernicious tax that penalises listed companies that help put the ‘great’ in British business and UK investors seeking to back them”. Citing its own research, ii found that 82% of polled clients claimed removing stamp duty on UK shares would encourage greater investment in UK listed companies, while 57% of the cohort said it would “make them think twice” about investing in the UK in the future. General Election 2024 Blog: Rachel Reeves rules out additional tax rises Wilson said higher transaction costs due to stamp …