Infrastructure trusts could face ‘haircuts' to NAV if rates rise and inflation assumptions are revised down, analysts have warned.
3i's head of its £1.2bn 3i Infrastructure trust, Cressida Hogg, has quit the firm to take on an unnamed role outside the group.
Shares in private equity firm 3i have risen 3% today after it revealed activist investor Edward Bramson had been buying shares via his Sherborne vehicle.
Clive Beagles, manager of the £1.3bn JO Hambro Capital Management UK Equity Income fund, is continuing to back UK domestic names, throwing his weight behind unpopular "market laggards" Tesco and Halfords.
Incoming 3i chief executive Simon Borrows will this week announce plans to cut staff and shut a number of the group's overseas offices, according to reports.
Simon Borrows is set to be unveiled as the new chief executive of the UK's largest private equity firm, 3i, according to reports.
Andrew Bell, chief executive of the £1.1bn Witan investment trust, has joined the chorus of disgruntled shareholders who are demanding radical change at private equity firm 3i.