Tag: rob luciano vgi resignation

DOES SHAREHOLDER ACTIVISM WORK?

A few factors in recent times have led me to reflect on whether some funds known for shareholder activism perform well.

Sometimes it is ironic to see these funds trade at large discounts to NAV, yet often the activists have criticized other funds for this very reason.

In Australia, we are close to a decade from when a few activist style LICs launched, so surely that is long enough to judge to some extent?

An overseas activist fund is slowly building up some stakes in ASX closed end funds, so I thought it would also be interesting to check out some US activist funds.

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IS LIC VG1 ASX ABOUT TO WIND UP OR CONVERT TO OPEN ENDED?

Pressure is on Regal Partner’s listed VGI Partners Global Investments (ASX:VG1) vehicle to address the large discount to NTA.

Considering converting to open-ended class might be better for Regal Partner’s bottom line in the long run, not to mention long suffering shareholders.

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