Downing ONE VCT

Undisclosed Fees and AGMs

It's interesting what you can learn at Annual General Meetings, or from ShareSoc reports on them, even if you don't attend in person. One of the recent news items in the financial press was about the disclosure of what private equity fund managers have received in "carried interest". It transpired that two very large US pension funds, Calpers and Calstrs, had no idea how much their fund managers had earned in this way over many years on top of their normal fees. ...

Markets in Freefall, Chinese shares and VCT Issues

While the world seems to be collapsing around us - with sharp falls in the price of most commodities including the critical ones of oil and gold - this writer took the time to attend the Annual General Meeting of Downing ONE VCT this morning. Forget also the fact that the Chinese stock market plummeted yesterday. The more I read about the dynamics of that market the more it looks similar to the US market in the 1920s where manipulation was ...