View recent trades and share price information for City of London Investment Group plc and other shares. And within the property market, equity release through home reversion plans. Required fields are marked *.

The board of COLG is pleased to announce that Recognise, its wholly owned subsidiary has received authorisation with restriction (AwR) (banking licence) from the PRA / FCA. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. While the two businesses share many similarities in terms of a CEF-driven investment philosophy and process, they are highly complementary in terms of their markets and client segments with negligible overlap. The City of London Investment Trust aims, to provide long term growth in income and capital, principally by investment in UK equities, with a bias towards large, multinational companies.The Board continues to recognise the importance of dividend income to shareholders. On each occasion when management looked in depth at a business, they decided for cultural or structural reasons, or as a result of conflicts of interest, not to proceed. [3] The fund is managed by Henderson Global Investors. I believe that this combination will result in CLIG becoming THE global “Go-To” CEF house, offering a value-driven commitment to long-term investment performance for its clients and enhanced growth opportunities for its shareholders and employees.”, George Karpus, Chairman of Karpus Management Inc., said: “Using closed-end funds trading at discounts to their net asset values to out-perform other investment managers is something that Barry Olliff, the founder of CLIG and I discovered many years ago.

The latest City of London Investment Group plc share price (CLIG). While the events of this year have created many challenges, our company’s culture remains strong, and we will continue working on behalf of clients and shareholders to meet their expectations. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. Your email address will not be published. As we explored a potential relationship of our two firms, we recognized that even though our client bases were different, we were not only achieving excellent investment performance, but we also shared the same view as to the treatment of employees and ownership. All rights reserved. City of London Investment Group PLC is a United Kingdom-based institutional asset manager focused on closed-end fund investments. The trust provides UK investors with exposure to global growth through the portfolio’s overseas revenues. Our Companies We support a range of businesses, providing access to funding arrangements including bridging and development finance for professional services firms. Yahoo is part of Verizon Media. The Company's clients include the United States based pension funds, foundations and endowments. City of London Investment Group PLC is an institutional asset manager. © 2020 City of London Investment Group PLC.

James Barclay became a partner in the business in 1736. At the Group level, the complementary strengths of the merger bring together over 100 employees, covering multiple asset classes, with CLIM and KMI managing a combined US$9 billion in client assets as at August 31, 2020. The latest fund information for The City of London Investment Trust Ord, including fund prices, fund performance, ratings, analysis, asset allocation, ratios & fund manager information. Share price information may be rounded up/down and therefore not entirely accurate. Barry Aling, Chairman of City of London Investment Group PLC, said: “CLIG shareholders will know that the objective of diversifying our revenue base beyond the capacity-constrained emerging market CEF universe has been a strategic priority for some years and this Merger will result in a quantum leap in realising that goal. Established in 1891, the company is a constituent of the FTSE 250 Index; it is also listed on the New Zealand Stock Exchange. Registered Office: 77 Gracechurch Street, London, EC3V 0AS, England. The City of London Investment Group has reported a drop in pre-tax profit, as the group’s efforts to diversify its business against a “volatile market backdrop” hit earnings. Add this security to watchlist, portfolio, or create an alert to track market movement. LONDON: City of London Investment Group (CLIG) has entered into a merger agreement to acquire the entire issued share capital of Karpus Management Inc. (KMI), a US-based investment management business, on a debt free basis, to be satisfied through the issue of up to 24,118,400 new shares in the capital of the Company which, based on the closing price of the Shares on the date of the … is a United Kingdom investment finance and management company listed on the London (Sterling Share Price) and Johannesburg (South African Rand Share Price) Stock Exchanges.

City of London Investment Management Group PLC (“CLIG”): 2685257.

City of London Investment Group has, over the years, looked at a wide range of businesses to identify opportunities to spread risk, create economies of scale, and provide greater security and career opportunities for employees. City of London Investment Group agrees to all share merger with Karpus Management Inc. All markets data located on FT.com is subject to the. And within the property … New homepage Read More » © 2020 City of London Investment Group PLC. All content on FT.com is for your general information and use only and is not intended to address your particular requirements. The Company operates through offices in London, the United States, Singapore and Dubai. You must therefore seek independent legal, investment or other appropriate advice from a suitably qualified and/or authorised and regulated advisor prior to making any legal, investment or other decision. Ben HarberCompany Secretaryben.harber@shma.co.uk, Link Asset Services LimitedRegistrarenquiries@linkgroup.co.uk, Please ReadTerms & ConditionsData Security PolicyCookie Policy, CompaniesRecogniseAcorn to OaksMilton Homes, © copyright  © COLG  2020. London Finance & Investment Group P.L.C. Established in 1861,[1] the company is a constituent of the FTSE 250 Index; it is also listed on the New Zealand Stock Exchange. City of London Investment Group PLC is an established asset management group with an institutional client focus specialising in Emerging Market closed-end fund investment. City of London Investment Group has, over the years, looked at a wide range of businesses to identify opportunities to spread risk, create economies of scale, and provide greater security and career opportunities for employees. Markit Short Selling Activity © Markit. [2] The chairman is Philip Remnant, and the manager since 1991 has been Job Curtis. The Company's clients include the United States based pension funds, foundations and endowments. The Company offers developed, frontier, tactical asset allocation and private equity closed-end fund strategies. In recent years the Group has expanded its range to include Developed, Frontier and Global … It operates in the United States, Canada and Europe. Please sign in or register. The Company offers developed, frontier, tactical asset allocation and private equity closed-end fund strategies. Data delayed at least 20 minutes, as of Nov 11 2020 11:14 GMT.

The Company's principal operating subsidiary is City of London Investment Management Company Limited, which acts as its investment advisor and advises on approximately 50 accounts. Find out more about how we use your information in our Privacy Policy and Cookie Policy. Our board has over 50 years of combined experience in financial services, including senior positions held with the FCA, the Bank of England, PwC, and EY. In addition, each KMI Stockholder will be entitled to a cash payment pro rata to their interest in KMI of the amount by which the net working capital of KMI at Completion exceeds US$550,000 up to a maximum amount in aggregate of US$550,000. Registered in England and Wales No. KMI is a US SEC-registered investment management business, with its principal place of business located in Pittsford, New York, that uses CEFs amongst other securities as a means to gain exposure for its client base comprising US high net worth clients and corporate accounts. The Chairman. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps.

Our investment subsidiaries will continue to operate independently in order to best serve client needs while our financial strength will allow us to continue to make technology investments necessary to compete in our global industry. This is intended for information purposes only and is not intended as an offer or recommendation to buy, sell or otherwise deal in securities. Read the full... Parasol V27 Trustees Limited has acquired a major holding in the City of London Group.

It has over 150 institutional clients. CITY OF LONDON INVESTMENT GROUP PLC CLIG Our story - Search stock, chart, recent trades, company information, trading information, company news, fundamentals Save my name, email, and site URL in my browser for next time I post a comment. All rights reserved. It has over 150 institutional clients. The Company operates through offices in London, the United States, Singapore and Dubai. You must be a registered user to save alerts.

It operates in the United States, Canada and Europe. The Board has considered carefully the impact of the COVID-19 pandemic and has concluded that the strategic rationale for the merger remains sound and indeed may have been enhanced given the strong strategic fit of the two businesses, the diversification of the revenue base and risk mitigation which the Directors strongly believe will result from the merger. LONDON: City of London Investment Group (CLIG) has entered into a merger agreement to acquire the entire issued share capital of Karpus Management Inc. (KMI), a US-based investment management business, on a debt free basis, to be satisfied through the issue of up to 24,118,400 new shares in the capital of the Company which, based on the closing price of the Shares on the date of the Merger Agreement of 325 pence per Share, equates to £78.4 million. It is listed on the Alternative Investment Market.

There is a significant increase in the quality and depth of employee and technological talent along with excellent succession planning for Barry and myself that should ensure top results for our clients for many years to come.”, Your email address will not be published. The Company's principal operating subsidiary is City of London Investment Management Company Limited, which acts as its investment advisor and advises on approximately 50 accounts. This merger of our two firms should make us the biggest and best in the world with respect to closed-end fund investing and should enable this success to continue in the years to come. City of London Group plc (COLG) is the parent company of a group of businesses focused on the UK SME market.