Livermore Investments posts H1 net loss, NAV falls 3.6%

Overview

• Financial investment firm's H1 net loss was $5.1 mln, with NAV down 3.6%

• Company attributed loss to unrealized investment losses and operational expenses

• Liquidity remained strong, with $36.4 mln in cash and marketable securities at period end

Outlook

• Company says outlook remains subject to high uncertainty due to geopolitical and trade-policy risks

• Livermore says strong liquidity and diversified portfolio position it to pursue long-term value

Result Drivers

• UNREALIZED INVESTMENT LOSSES - Co said loss was mainly driven by unrealised losses on investments

• CLO VALUATION DECLINES - CLO portfolio generated cash distributions but recorded a negative total return due to declines in market valuations

• OPERATIONAL EXPENSES - Operational expenses contributed to the reduction in NAV

Company press release:

Key Details

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)