The board of Gresham House has called for all shareholders of the Gresham House Strategic investment trust (GHS) to be offered liquidity to release their full investment at net asset value, following what the company has dubbed an “inadequate strategic review”.
The initial review, which was published by GHS on 11 October, announced the trust will part ways with Gresham House Asset Management and has appointed Harwood Capital as its new investment manager. GHS's board also proposed the trust change its name to Rockwood Strategic. As part of the review, former portfolio manager Richard Staveley - who quit in May this year - will join Harwood and return as lead portfolio manager. Gresham House has today responded to the five-month strategic review, saying it has "failed to deliver an agreed solution for all its shareholders, a new chair for its...
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