Gresham House Strategic hits back against incumbent asset manager

Proposals not in interest of all shareholders

Kathleen Gallagher
clock • 3 min read
GHS and Gresham House are at logger heads
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GHS and Gresham House are at logger heads

The board of the £66.3m Gresham House Strategic trust (GHS) has hit back against its incumbent asset manager's - and largest shareholder - accusations, saying its recent claims contain “material inaccuracies” and its proposals do not “take account of the best interests of all shareholders”.

Yesterday (19 October), the board of Gresham House called for shareholders of GHS to be offered liquidity to release their full investment at net asset value, claiming the results of the strategic review of the trust was "inadequate". This is in relation to the fact only Gresham House has been offered liquidity to realise their full investment at NAV. Now GHS has responded saying that the conclusion of the review was "mischaracterised", since it was not to provide liquidity, but to appoint Harwood Capital as the new investment manager.   In response to the call for GHS to offer all...

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