CRYPTO CRAZE: BREVAN HOWARD AND GALAXY DIGITAL CASH IN

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·???????? Crypto Craze: Brevan Howard and Galaxy Digital cash in

·???????? Land Securities - Betting Big on Brick-and-Mortar

·???????? Games Workshop investors roll a Natural 20 - Warhammer wins big

Crypto Craze: Brevan Howard and Galaxy Digital cash in

The FT is reporting that the cryptocurrency market has experienced a significant surge in recent months, driven in part by the positive sentiment surrounding Donald Trump’s election win. Investors have flocked to digital assets like bitcoin, leading to substantial gains for cryptocurrency-focused hedge funds. ?

Some of the biggest beneficiaries of this rally include Brevan Howard Asset Management and Galaxy Digital, which have both posted impressive returns. The approval of bitcoin ETFs has also played a significant role in attracting institutional investors to the cryptocurrency market. Funds like NextGen Digital Venture have capitalized on this trend, investing in bitcoin ETFs, cryptocurrency exchange platforms, and blockchain technology companies. ?

The changing regulatory environment in the US, with a more crypto-friendly approach under the new administration, has further boosted investor confidence. However, it is essential to remain cautious, as the cryptocurrency market is inherently volatile. Experts warn that investors should not expect a continuous upward trend and should be prepared for potential downturns.

Despite the recent rally, challenges remain for the cryptocurrency industry, including concerns about regulation, security, and mainstream adoption. As the market continues to evolve, it is crucial for investors to conduct thorough research and consider the potential risks before making any investment decisions.

Land Securities - Betting Big on Brick-and-Mortar

Land Securities (a constituent of our Fundamental UK Dividend Income Portfolio, current dividend yield c.6.9%), a major UK property company, has acquired a majority stake in Liverpool One, a prominent shopping centre in the heart of Liverpool. This move reflects a growing confidence in the future of physical retail, despite the challenges posed by online shopping.

Land Securities has been strategically acquiring prime shopping centres, believing that these top-tier assets will outperform the market. The company's acquisition of a stake in Bluewater shopping centre earlier this year further underscores this strategy.

The decline in the value of shopping centres has created opportunities for investors like Land Securities to acquire high-quality assets at attractive prices. By investing in these prime locations, Land Securities aims to benefit from the recovery in retail spending and the increasing demand for physical shopping experiences.

The acquisition of Liverpool One is a significant step for Land Securities as it positions itself to capitalise on the changing landscape of retail. The company's focus on high-quality assets and its ability to adapt to evolving consumer preferences will be key to its future success.

Games Workshop investors roll a Natural 20 - Warhammer wins big.

Games Workshop (a constituent of our Fundamental Global Growth Portfolio), the creator of the Warhammer franchise, has announced a significant increase in its dividend payout, reflecting strong financial performance and a positive outlook. The company's revenue and profits have surged, driven by the popularity of its products and the strategic partnerships with Amazon.

The dividend declared of ￡2.65 per share, represents a 36% increase on the previous year.?

The company has capitalized on the growing interest in tabletop gaming and has successfully expanded its product range to appeal to a wider audience. The launch of new games like Blood Bowl has contributed to the company's growth.

The partnership with Amazon is expected to further enhance Games Workshop's brand visibility and generate additional revenue streams through film and television adaptations. This collaboration could potentially open up new markets and attract new customers to the Warhammer universe.

While the company's share price has seen substantial growth in recent years, analysts remain optimistic about its future prospects. However, they caution that the current valuation is close to the broker's target price, suggesting limited upside potential in the short term.

Overall, Games Workshop's strong financial performance, strategic partnerships, and expanding product range position it well for continued growth in the future.

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