Asset Purchases, NAV Reporting, Acquisitions, and Technical Updates - Analyst Notes on Legal & General, Fidelity China Special

Asset Purchases, NAV Reporting, Acquisitions, and Technical Updates - Analyst
Notes on Legal & General, Fidelity China Special Situations, Hansteen, Man and
                        John Laing Infrastructure Fund

Editor Note: For more information about this release, please scroll to bottom.

  PR Newswire

  LONDON, July 11, 2014

LONDON, July 11, 2014 /PRNewswire/ --

Today, Earnings Review released its analysts' notes regarding Legal & General
Group Plc (LON: LGEN), Fidelity China Special Situations PLC (LON: FCSS),
Hansteen Holdings plc (LON: HSTN), Man Group PLC (LON: EMG) and John Laing
Infrastructure Fund Limited (LON: JLIF). Private wealth members receive these
notes ahead of publication. To reserve complementary membership, limited
openings are available at: . -- Legal
& General Group Plc Analyst Notes On June 25, 2014, Legal & General Property
(LGP), a part of Legal & General Group Plc (Legal & General), announced that
its Industrial Property Investment Fund (IPIF) has completed purchases of over
£80 million, bringing its assets under management above £1 billion. The
Company stated that LGP is one of the most active investors in the UK
industrial market, with IPIF being the largest industrial fund in IPD.
Jonathan Holland, Fund Manager of IPIF, said: "With a fund strategy focused on
investing in well located, good quality, multi-let assets primarily situated
in greater London or the south east, as well as high yielding industrial
properties with stable income returns, this latest flurry of acquisitions
provides IPIF with a further base of previously under managed assets through
which to drive growth. Taking an opportunity-led approach to investment, much
of IPIF's success lies in its team of 40-strong team of professionals." The
full analyst notes on Legal & General are available to download free of charge
at: -- Fidelity China
Special Situations PLC Analyst Notes On July 8, 2014, Fidelity China Special
Situations PLC (Fidelity China Special Situations) reported that the unaudited
net asset value (NAV) of the Company at the close of business on July 7, 2014
was 119.20 pence per share. The Company stated that the net asset value
calculation was done on a "cum" income basis in accordance with applicable
accounting standards and AIC recommendations. The full analyst notes on
Fidelity China Special Situations  are available to download free of charge
at: -- Hansteen Holdings
plc Analyst Notes On June 30, 2014, Hansteen Holdings plc (Hansteen) announced
that following its acquisition from Unicredit Bank AG of 50% of a loan secured
against a portfolio of primarily multi-let industrial property in the
Netherlands, for a 51% discount to the value of the loan, it has now completed
the acquisition of the property assets within the portfolio, for a total
consideration of €106 million, which will be paid from the existing cash
resources and a new €60 million five year loan from ING. The acquired property
portfolio comprises of more than 370,000 sqm across 41 estates in the
Netherlands, with the majority being in the core Randstad area. The gross
annual rental income of the portfolio is c.€15.4 million, while the contracted
rental income is more than €16.0 million. The current vacancy rate of the
portfolio is around 20%, which provides a significant opportunity to the
Company to add value. The full analyst notes on Hansteen are available to
download free of charge at:
-- Man Group PLC Analyst Notes On June 19, 2014, Man Group PLC (Man) announced
that it has entered into a conditional agreement to acquire the Boston-based
Numeric Holdings LLC (Numeric), a privately-owned, quantitative equity manager
with $14.7 billion of funds under management as at May 31, 2014. Under the
terms of the agreement, Man will pay $219 million in cash at completion, with
a further payment of up to $275 million, depending on the run rate
profitability of the business after five years from the completion of
transaction, to a group of the Numeric management team and employees.
Commenting on the acquisition, Manny Roman, CEO of Man, said, "The transaction
provides us with the opportunity to advance two of our core strategic
objectives: first, to build a diversified quantitative fund management
business with significant assets in fundamentally based quantitative
strategies and second, to develop further our presence in the US market." The
full analyst notes on Man are  available to download free of charge at: -- John Laing Infrastructure
Fund Limited Analyst Notes On July 8, 2014, the stock of John Laing
Infrastructure Fund Limited (John Laing Infrastructure Fund) gained 0.35% to
close trading at 115.60 pence. The Company's stock opened at 115.30 pence, and
fluctuated within the range of 115.20 pence - 115.80 pence during the trading
session. The Company's stock marginally increased by 0.09% over the past one
month of trading while the FTSE 100 declined by 1.75% during the same time
period. The full analyst notes on John Laing Infrastructure Fund are available
to download free of charge at: =============== EDITOR'S
NOTES: =============== 1. This is not company news. We are an independent
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