Key facts
- HgCapital Trust shares rose 7%.
- Hg plans to increase its ownership in HgCapital Trust to over 15%.
- The market reacted positively to the announcement.
HgCapital Trust shares experienced a 7% increase following an announcement by its manager, Hg, regarding plans to raise its ownership stake in the trust to over 15%. While specific details of Hg's investment plan were not provided, the positive market reaction suggests increased confidence in HgCapital Trust. HgCapital Trust is an investment trust managed by Hg, specializing in private equity investments. The increase in ownership by Hg signifies a greater commitment and investment in the trust.