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
P2P Global Investments’ NAV rose .78% in December and returned 5.2% in 2018; the UK-listed fund focuses on purchasing assets...
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