HHV Board mulls Geoff Wilson demand
The board of Hunter Hall Global Value Limited (HHV) has acknowledged receipt of a letter from Wilson Asset Management's Geoff Wilson giving it until close of business Monday to respond to a demand that all shareholders be allowed to exit the company at fair value.
In an announcement released to the Australian Securities Exchange (ASX), the HHV board said it would carefully consider Wilson's letter and provide its response to Wilson Asset Management and the market through an ASX announcement.
However the board's statement said that, in the meantime, it had been "satisfied that the investment management services provided to HHV continue uninterrupted by the resignation of Mr Peter Hall who was chief executive and chief investment officer of Hunter Hall International Limited.
The statement to the ASX noted that the HHV share price had "consolidated", closing at $1.20 — only slightly lower than the price prior to Hall's resignation adding that "the ability of HHV shareholders to buy and sell their shares on the ASX has improved significantly since the announcement of Mr Hall's resignation".
Recommended for you
Tribeca Investment Partners has made a distribution hire from Australian Ethical in a newly-created role focused on the national intermediary market.
Asset managers may be urged to diversify their product ranges, but investment executives have warned any M&A deal should avoid simply filling gaps and instead consider long-term value creation.
Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equity firm.
Fund managers are entering 2025 with the most bullish sentiment since August 2021 and record high allocations to US equities, thanks to the incoming Trump administration.
