Weiss Korea Opportunity fund (WKOF) has begun a strategic review to determine the future of the vehicle and analyse any available strategic options.
In a London Stock Exchange notice today (4 November), the decision to launch the review came after the trust's investment manager, Weiss Asset Management (WAM), notified the board of its belief that the "opportunity set and strategy […] continuing in its current form is less attractive than it has been in the past, including at [the trust's] inception in 2013". Witan shareholders overwhelmingly approve merger with Alliance trust Because of that, WAM doubted "this change in circumstances is likely to improve in the foreseeable future". WKOF's board said it will conduct the review p...
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