Latest news with #fund
Yahoo
17-05-2025
- Business
- Yahoo
Rashaun Williams Launches $750M Sports Fund
Rashaun Williams, Harbinger Sports Partners Founder & CIO speaks with Romaine Bostick about starting a $750M fund with Mark Cuban in US pro sports. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
13-05-2025
- Business
- Bloomberg
Actis Raises $1.7 Billion for Second Long Life Infra Fund
Takeaways NEW Actis, an investment firm which was acquired by General Atlantic, has raised $1.7 billion for its new emerging markets-focused infrastructure fund. The global infrastructure investor has already deployed nearly 50% of Actis Long Life Infrastructure Fund 2 and has a near-term deal pipeline of more than $2 billion, according to a statement reviewed by Bloomberg News.
Daily Mail
10-05-2025
- Business
- Daily Mail
ARTEMIS GLOBAL INCOME: Consistent fund with big returns proves slow and steady can win
Investment fund Artemis Global Income will celebrate its 15th birthday in July – and investors who have been with it since the start are almost certain to have a lot to cheer about. Although much can happen till then, the £1.6 billion fund is on course to deliver overall returns well in excess of 400 per cent. Profits that launch investors have enjoyed already stand at 417 per cent – impressive when compared to the average for its global equity income peer group of 260 per cent. All this return has been achieved without exposure to the Big Tech US stocks other than a brief flirtation with Microsoft ten years ago. The fund's continued success is primarily down to the steadying influence of investment manager Jacob de Tusch-Lec, who has had his hand on the tiller from day one (it's unusual for a manager to remain in situ for so long). 'Artemis Global Income has changed less than the rest of the world over its 15 years,' he says. 'The focus from day one has been on finding cheap, attractively priced companies to deliver an income of between 3.5 and 4 per cent a year. We're not for changing. It's what the fund's retail investors demand.' He adds: 'We don't try to stretch this income, say, to 5 per cent. The aim is to grow the income we generate for investors over the long term.' It's an ambition that the fund has achieved, delivering average annual income growth since launch of 8 per cent. The fund has 71 holdings with the portfolio slotting into three broad buckets. First there are what Tusch-Lec calls 'bond proxies' – established companies that provide a tidy income without necessarily generating stellar share price gains. Examples include UK supermarket giant Tesco and the US telecoms business Verizon. The second bucket comprises companies likely to deliver future dividend growth – such as Brazilian aircraft manufacturer Embraer and Japanese engineering company Mitsubishi Heavy Industries. The final bucket is full of 'special situations' – riskier investments offering attractive starting dividend yields as the businesses have hit difficult times, but Tusch-Lec thinks they will recover. German Commerzbank, which Italian rival UniCredit has taken a big stake in, fits into this camp, with Tusch-Lec believing it will benefit from the German government's massive fiscal stimulus aimed at boosting the economy. Currently, the biggest slug of the fund (40 per cent) is in the dividend growth camp. 'Dividend stocks have different characteristics,' says Tusch-Lec, 'and as an income investment manager you need to acknowledge that in the fund you construct.' While Tusch-Lec says he is first and foremost a stock picker, the global economy still impacts the portfolio's diversification. In broad terms, he says the US stock market remains too expensive. 'The Magnificent Seven stocks are exceptional companies,' he states. 'But their shares are still too expensive.' He believes other markets such as China and those across wider Asia offer better value – as do the UK and Europe. 'Money will move out of the US market,' he adds. 'It won't happen overnight but the genie is out of the bottle.' As far as UK investors stand, he argues they should seek to rebalance their portfolios to ensure they are not too exposed to the US. The Artemis Global Income fund has its biggest block of money in European stocks, including key stakes in defence companies such as Germany's Rheinmetall, its largest holding. Fund charges are reasonable at just under 0.9 per cent.
Arabian Business
08-05-2025
- Business
- Arabian Business
Dubai Executive Council
While the $100 million fund announced by Sheikh Hamdan bin Mohammed is a prime example of the drive to be at the forefront of a digital future, it is also crucial for startups in the fintech space where areas of success may be uncertain, experts said
Zawya
08-05-2025
- Business
- Zawya
Saudi-listed First Avenue launches $187mln industrial real estate fund
First Avenue for Real Estate Development Company has set up a 700 million Saudi riyal ($186.64 million) industrial real estate fund. The Aljada Industrial Real Estate Fund intends to develop a project in Riyadh and has partially acquired land, the company said in a statement to the Saudi stock exchange. Almost 55 percent of the 3.64 million square metres of land in Ad-Dilam Governorate, south of the Riyadh region, has been acquired. The company is working to secure the transfer of the remaining land, which is expected to be completed soon. First Avenue will work as the project developer, receiving a fee of 8 percent of the development cost. It holds a 5.25 percent stake in the project. Details of the project were not given. Saudi-based Blominvest will manage the fund, the statement said. (Editing by Anoop Menon) (
