HgCapital Trust (HGT) 458.8pMarket cap: £2.1 billionWhile it may not be as well known as FTSE 100 private equity firm 3i (III), specialist software and services investment trust HgCapital (HGT) has an equally impressive track record.Total share-price returns over the last decade are 18.8% per year, slightly ahead of the FTSE 100 giant which has posted 18% compound annual growth, while 2023 saw it

Strong share price return in 2023 Discount narrowed from 23% to 13%Positive investment outlook for 20242023 was a banner year for private equity investor HgCapital Trust (HGT), continuing its strong run of outperforming the FTSE All-Share.Despite market volatility, the company posted a 26.2% share price total return last year, lifting its 10-year total return to an average of 18.8% per year.STRONG

Double-digit NAV increaseTotal share price return of 26.2%High portfolio turnoverPrivate equity investment trust HgCapital (HGT) delivered strong preliminary results for the year to December with an estimated 10.7% uplift in total NAV (net asset value) return per share to 498.6p.Investors responded positively, chasing the stock up 10p or 2.4% to 439p close to its recent highs. HIGH RETURNST

According to the Association of Investment Companies (AIC), private equity trusts delivered an average return of 409% over the 10 years to 31 May 2023, which compares very favourably to 156% for all investment companies.Yet despite this spectacular long-run performance, 14 out of 17 trusts in the AIC's Private Equity sector trade on double-digit discounts to NAV (net asset value) at the time of wr

- Trust delivers 5.4% NAV total return- Double-digit sales growth from all top 20 holdings- Stifel says shares deserve to trade closer to NAVPrivate equity investor HgCapital Trust (HGT) delivered a solid 5.4% net asset value (NAV) total return in the year to 31 December 2022, ahead of the 0.3% increase for the FTSE All Share Index.However, the trust's share price total return was down 15.1% due t

- Net asset value up 1.8% in the first half- Performance exceeds Stifel's NAV forecast- Access main driver of positive returnsShares in HgCapital Trust (HGT) rallied 3.6% to 381.6p after the private equity investor reported a continued positive net asset value (NAV) performance for the half ended 30 June, despite rising inflation and interest rates impacting the valuations of technology and unquot

This year's market turmoil has caused many investment trusts to trade below their average discount to net asset value. It means investors can often buy £1 worth of assets for 90p or thereabouts.A popular trading strategy is to find investment trusts on wider than normal discounts and buy them in the hope the discount narrows. The trick is to understand which trusts have become cheaper due to a on

Private equity investors have been put on warning after press reports last month that privately-owned BNPL (buy now, pay later) specialist Klarna was seeking to raise fresh capital at a steep discount to its previous valuation.This has raised the question of whether private equity valuations need to be downgraded across the board, as this would affect many investment trusts with unquoted holdings.

Private equity investor HgCapital Trust (HGT) generated a record performance in 2021 as its total return NAV (net asset value) jumped 44% to £4.40 and net assets surpassed £2 billion.During a stellar year, the trust's share price return was 40%, outperforming the benchmark return of 18%, while overall portfolio valuations were up over 52% for the year.PROVEN STRATEGYResults for the year to Decem

UK stocks experience their worst one-day fall in more than 12 months on Monday as global markets swooned due to sustained weakness in US technology stocks with the Nasdaq 100 collapsing by 4% as sellers began to exhibit signs of panic.Asian trading saw a volatile session with Japan's Nikkei 225 and China's Shanghai Composite up slightly, but the EuroStoxx 50 index of leading European companies she

UK stocks fell sharply at the start of the week as global markets swooned following weakness in US stocks on Friday.Asian trading saw a volatile session with Japan's Nikkei 225 closing 0.25% higher and China's Shanghai Composite up slightly, but the EuroStoxx 50 index of leading European companies shed 2% as tech stocks faced heavy selling.Investors are also bracing themselves ahead of an update f

UK and European stocks started the week on a down note following weakness in US stocks on Friday, although futures prices indicated a bounce of close to 1% for the benchmark S&P 500 at the open.Asian trading saw a volatile session with Japan's Nikkei 225 closing 0.25% higher and China's SE Composite up slightly. Oil prices continued their rise with Brent Crude gaining 0.5% to $87.70 per barrel.Inv

In the end 2021 proved a rewarding year for stock markets as vaccines were rolled out and economies began to recover from the worst ravages of the pandemic. In the early part of the year, growth was shunned for value before bouncing back into fashion as the year progressed.On the whole, this was a volatile period, with investors contending with concerns over inflation and the rising interest rates

After trading sideways last week, the FTSE100 started the week in a positive mood with investors happy to bid up cyclical stocks even as US equity and bond markets were closed for the Labour Day holiday.By the close, the benchmark index was up 50 points or 0.7% to 7,190 points, just shy of its all-time high of 7,224 in August, led by industrial and consumer stocks on hopes of further central bank

After trading sideways last week, the FTSE100 index started the week in a bullish mood with investors happy to bid up cyclical stocks even as US equity and bond markets were closed for the Labour Day holiday.By midday the benchmark was up 48 points or 0.7% to 7,187 points, led by industrial and consumer stocks on hopes of further central bank support for markets in the wake of weak US jobs figures

Private equity investor HgCapital Trust (HGT) delivered a benchmark-beating first half performance as its tried-and-tested strategy of investing in unquoted software and services businesses with strong growth prospects and resilient business models helped maintain strong net asset growth momentum.Emerging from the pandemic, the board believes the trust's prospects 'remain attractive', with its str

The FTSE100 index started the week marginally higher at 7,172 points in a session that looked likely to be subdued given US stock and bond markets were closed for the Labour Day holiday.The resignation of Japanese prime minister Yoshide Suga proved a catalyst for continued strength in the Nikkei 225 index, which ended last week at a four-month high as investors anticipated a new leader would usher

The UK's flagship stock market index finished in negative territory on Monday, with the FTSE 100 losing almost 1% to 7,073 after Europe introduced tougher curbs on UK travellers to stem the rising cases of the delta variant.The new restrictions put pressure on the airlines with EasyJet (EZJ) and Jet2 (JET2:AIM) declining by around 5% each.CORPORATE NEWSLuxury goods group Burberry (BRBY) slumped 8.

The new trading week got off to a disappointing start with the UK's flagship stock market index in negative territory. Having initially seen modest gains on Monday morning, by midday the FTSE 100 had fallen 0.6% to 7,096, dragged down by weakness in banks and oil producers.Brent Crude oil dipped 0.3% to $75.98 per barrel while gold also eased back by the same percentage points to trade at $1,777 p

London's FTSE 100 fell modestly in early dealings on Monday, off 0.2% at 7,120.61 by 8.45 am, as the spread of more transmissible forms of the virus that causes Covid-19, both at home and abroad, tempered global recovery hopes.Brent crude oil prices held firm above $76 per barrel while gold nudged 0.1% ahead to $1,784 per ounce.Higher oil prices, a major cost, together with fading hopes of a profi