Hipgnosis: Embattled music fund announces sale of 20,000 more songs

Embattled music fund Hipgnosis continued its bid to turn its fortunes around, with today the sale of an additional 20,000 songs for £18.4m. The sale represents one per cent of the music fund’s investment portfolio, consisting of “non-core” songs which “require time intensive, ongoing accounting and reporting obligations and do not all have perpetual ownership [...]