Significant changes in the peer-to-peer investment trust sector

Follow this link if this email is not displaying correctly DAILY BULLETIN Wednesday 31 May 2017 Significant changes in the peer-to-peer investment trust sector by Nick Sudbury | Funds | 5 mins. to read A few weeks ago I wrote about the mixed fortunes of the peer-to-peer investment trusts with the poor performance of P2P Global Investments (LON:P2P), the largest fund in the sector, prompting the Board to initiate a review of its investment management arrangements. The Board has now concluded its investigation and has announced that the investment manager, MW Eaglewood Europe, will merge with Pollen Street Capital, which runs the Honeycomb investment trust (LON:HONY) that operates in the same sector. Pollen Street will have overall control of the combined group. Details of what this will mean for investors in P2P are still quite sketchy, although the Board has said that the fund will follow a "revised, more flexible investment strategy" and that the portfolio will be transitioned into "more attractive specialist assets". The plan is also to have a greater proportion of the fund invested in sterling denominated loans and to reduce the number of peer-to-peer market place lending platforms that it is exposed to. Pollen Street Capital was spun out of the RBS private equity team in November 2013. The firm has invested over £1.2bn across a range of businesses with the main focus since 2008 being financial services.   Click here to read the full story LATEST STORIES FROM OUR BLOG Nyota Minerals: Golden cross aftermath targets 0.4p by Zak Mir | Trading | 1 mins. to read Nyota Minerals (LON:NYO) has been on the technical radar for quite some time, but the question here has been when to pull the bullish trigger… As far as the fundamentals of Nyota Minerals are concerned, this has been a year of change and hopefully renaissance. Click here to read the full story Mellon on the Markets: Assume the brace position by Jim Mellon | Economics | 6 mins. to read In the past month, I've been going around the British Isles, talking to groups of people about my research into longevity, ahead of the launch of the Juvenescence book in July.    Click here to read the full story Petrofac: Last chance support line by Zak Mir | Trading | 1 mins. to read Every now and then we are reminded that blue chips are not always totally blue. Petrofac (LON:PFC) is the latest candidate to provide this warning.   Click here to read the full story Three wheels on May's wagon… by Victor Hill | Economics | 12 mins. to read Campaigning resumes today in the British general election after three days of self-imposed reflection following the abominable events in Manchester last Monday night.   Click here to read the full story We must be mad, literally mad by Evil Knievil | Evil Diaries | 1 mins. to read It's been a long road but, finally, the FTSE 100 has reached 7,500 points. This may prompt worry among some investors, since it could mean the index is overvalued and there is a lack of investment opportunities on offer.   Click here to read the full story QUOTE OF THE DAY "Society is at odds with itself."                                                 Clint Eastwood MASTER INVESTOR SHOW VIDEO EXCLUSIVE LATEST EDITION OUT NOW La Belle France - It's time to feast on the crème de la crème of the French stock market Capital punishment - Common inheritance tax pitfalls and how to avoid them Momentum investing - Is this the best-kept secret in finance? Shaky foundations - Has Brexit put commercial property funds at risk? Bag a bargain - Three small caps trading below book value Click here to download as PDF   Click here to read online Master Investor Ltd. Suite 88, 22 Notting Hill Gate London, W11 3JE T: +44 7515 542707 E: swen@masterinvestor.co.uk Share the newsletter: Follow us: Copyright © 2017 Master Investor Ltd, All rights reserved. Master Investor is a trading name of Master Investor Ltd. Material contained within Master Investor Magazine and its website is for general information purposes only and is not intended to be relied upon by individual readers in making (or refraining from making) any specific investment decisions. Master Investor Ltd. does not accept any liability for any losses suffered by any user as a result or any such decision. If a Daily Bulletin is too frequent, why not opt in to our once weekly mailing list for a round up of the week's news. Want to change how you receive these emails? Why did I get this | Unsubscribe from this list | Update subscription preferences