The Financial Times reports that Hipgnosis Songs Fund, the London-listed trust run by Merck Mercuriadis that has bought song catalogues from artists such as Blondie and Neil Young, has launched a debt-funded share buyback programme after its stock fell 30 per cent in six weeks. The fund, which has caused a wave of catalogue acquisitions over the last two years, made the move after the tumbling share price left its market value at half of what Hipgnosis had said its music catalogues were worth. Already backed by private equity company Blackstone, Hipgnosis will finance the share buybacks using new debt … Continue reading Hipgnosis Songs Fund Shares Fell By 30 % Over The Last Six Weeks