THE FUTURE OF EXTERNALLY MANAGED INVESTMENT COMPANIES - THAT IS THE QUESTION
Investment Trusts and REITs represent a uniquely UK investment opportunity that has not been much loved by investors in recent years.
As such Boards of Investment Companies have been thinking carefully about the investment construct, as well as the specific role of the Board.
In a recent Chair dinner co-hosted by Smith Square Partners and Fidelio Partners we debated, in particular “The Future for Externally Managed Investment Companies?” Our guests included Chairs across a range of Investment Companies. While the mood was convivial, the pressures facing the industry were clear: performance; costs and valuation; shareholder activism; M&A; and increasing demands on the Board... For a fuller discussion of the role of the Chair and Board priorities in the investment trust sector, please click here.
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