COMPANIES HG Capital, the private equity investment trust, said it was “well positioned” for a recession as it outlined annual results on Friday.
The company, which sold its interests in classic music publisher Boosey & Hawkes and technology company Orbiscom during the year, saw a rise in net asset value of 0.5 per cent for 2008 to £9.29 per share during the year. Its share price fell 12 per cent over the period.
