WHY FINWEEK WOULD CONSIDER ADDING IT
Besides an excellent track record, the fund has been fearless in defending its investors where apparent abuses of shareholder rights have taken place. A case i n point has been Howden Africa, i n which the new majority shareholder appears to be levying exorbitant management fees on the business with no concomitant increase in value. Sedgwick and his team are pursuing all means possible to prevent this from continuing, and this should do nothing except reinforce investors’ faith in them as responsible stewards of capital.
editorial@ finweek.co. za