The gold price continues to power ahead, up 7.6% in August. This helped Golden Prospect’s NAV and share price. Apax Global Alpha reported strong financial results. Symphony International benefited from an uplift in the value of Minor Planet International. Brevan Howard (BH Global/BH Macro) has been profiting from the gyrations in currencies and markets. Shifts in exchange rates affected some NAVs too. DP Aircraft’s NAV uplift largely reflects the move in the US dollar in recent months relative to sterling. Extensions to the assumed useful life of some of Renewable Infrastructure’s generation assets helped push its NAV higher. Ecofin Global Utilities and Infrastructure has been performing well for a while, yet surprisingly still trades on a meaningful discount.

AEW UK Long Lease wrote back up the value of its Dudley and Sheffield sites (written down previously when a tenant got into financial difficulties).