Beleaguered hedge fund investor, Neil Woodford, has sold off large stakes in his P2P investment trust holdings; he sold £88...
The P2P Global Investments Fund is reviewing its fund management arrangements with investment manager MW Eaglewood Europe LLP; MW Eaglewood has submitted plans for improving the performance of the fund which include fund management changes and a discount reduction plan; further discussions over the fund's management are expected to continue; the fund is also reporting some factors that could improve including better risk default characteristics from loans concentrated at durations of 7 to 21 months and increased utilization of credit facilities. Source
UK listed marketplace lending fund, P2P Global Investments, has reported struggling performance in 2016; monthly return in September was 0.23% for a year-to-date return of 3.41%; target annual return is 6% to 8%; peripheral factors such as debt facilities and currency hedges have affected the return; the fund is now selling at a discount of 19.8%; has been steadily buying back shares to help improve the NAV and also using securitization to reduce debt costs; loan defaults and delinquencies have been higher as a result of longer maturities, however the primary factor affecting the return is the broad global diversification of the loans resulting in losses from currency hedging. Source
P2P Global Investments’ NAV rose .78% in December and returned 5.2% in 2018; the UK-listed fund focuses on purchasing assets...