WHY FINWEEK WOULD CON­SIDER ADDING IT

Finweek English Edition - - FUND IN FOCUS -

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

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