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JO Hambro Capital co-founder backs new activist funds house
by David Campbell on Oct 21, 2013 at 09:29
Worsley Asset Management will be managed by Blake Nixon and Max Lesser who worked at Guiness between 1990 and 2011. The two managers are currently seeking regulatory approval for an unlisted Irish Qualifying Investor fund for minimum subscriptions of £100,000.
The managers will seek out small-caps which they believe to be trading at a discount to fundamental value.
‘Activism in the late noughties came to mean different things to different people, often being associated with noisy campaigns to generate a short term price rise or sale process,’ said Nixon.
‘In contrast, Worsley follows GPG's [Guiness Peat Group’s] lead of seeking sustainably improved shareholder value.’
Mills added: ‘I am delighted to be backing them in their new venture.
‘I have known the GPG UK team for fifteen years, during which time they had a great many successes and we were involved together in a number of very profitable activist investments.’
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on Dec 06, 2013 at 14:28