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Closed-End Marketplace Lending Fund, P2PGI, Continues Share Buybacks
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Closed-End Marketplace Lending Fund, P2PGI, Continues Share Buybacks

Closed-End Marketplace Lending Fund, P2PGI, Continues Share Buybacks

Fintech Nexus Staff·
EuropeNews RoundupOnline Lending
·Dec. 13, 2016·1 min read

According to a report by AltFi, P2P Global Investments (P2PGI) is continuing their share buybacks; P2PGI has purchased shares on 14 days in the past two months with buybacks ranging from 3,400 to 50,000; the fund currently trades at a 25.3% discount to net asset value; contributing factors to recent performance have been cash drag from currency hedging, level of defaults and volatility surrounding Brexit.  Source

  • Fintech Nexus Staff
    Fintech Nexus Staff

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