The alternatives sector has proved a damaging play for the CT Global Managed Portfolio trust during 2022, with the asset class responsible for the heaviest losses, according to the company’s chair.
Writing in the six-month results to 30 November 2022, chair David Warnock highlighted several trusts in the alternatives sector as "principal detractors". Across the income portfolio, Civitas Social Housing REIT and healthcare property trust Assura saw share price declines of 26% and 24% respectively, although rising dividends were paid to investors. Stock Spotlight: Hipgnosis entertains investors despite uninspiring debt refinancing In the growth portfolio, Schiehallion suffered the greatest fall, with the high growth private technology trust shedding 29% from its share price, whi...
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