Asset Value Investors has hit back at Symphony International Holdings, accusing the key principal at the investment manager, Anil Thadani, of being “disingenuous” over comments made regarding the independence of its board and shareholder value.
On 8 October, Thadani accused AVI of publicising another letter that "makes more inaccurate and misleading" comments regarding SIHL, calling AVI's campaign against the investment manager "misguided". Tom Treanor, executive director at AVI responded on Monday (25 October), and said: "While we had planned for our next communication to be an update on our next steps following widespread shareholder support for our objectives, we cannot let Mr Thadani's latest disingenuous comments remain unchallenged." AVI calls on shareholders to remove Symphony International Holdings' board AVI - w...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
