David Potter, the former chairman of the Gresham House Strategic (GHS) trust, has written an open letter to all shareholders calling on investors to vote against the wind-up proposals and “encourage the board to offer an alternative”.
Potter, who had been chairman since 2015, said he believes "the interests of all shareholders and especially private individual shareholders have not been properly focused on". In November, shareholders accounting for almost half of the GHS investment trust's total share capital called for an immediate return of cash and the realisation of its portfolio after the review was found to have been "inadequate". However, Potter felt this was driven by Gresham House who would be "losing the valuable management contract" and had "a need for cash to support their business ambitions". Gres...
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