Schiehallion discount doubles in 2023 as buybacks slow pace of new investments

Within the twelve months to 31 January 2024, the belief’s NAV fell 0.9%, whereas the share worth dropped by 22.3% because the low cost widened from 23% to 40% throughout the interval. 
The general destructive return was the results of a weak first half of the yr, adopted by a restoration within the second half, with efficiency pushed by a mixture of public market uplift and elevated valuations in non-public holdings, in accordance with the belief.
Throughout the listed holdings, fintech Affirm, international trade fintech Smart and medical insurance agency Oscar Well being all skilled important worth will increase, significantly in lat…