{"id":11156,"date":"2009-07-31T00:00:00","date_gmt":"2009-07-31T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-rebels-aim-to-oust-strategic-equity-capital-bosses","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2009\/hedge-fund-rebels-aim-to-oust-strategic-equity-capital-bosses.html","title":{"rendered":"Hedge fund rebels aim to oust Strategic Equity Capital bosses"},"content":{"rendered":"<p>Hedge fund Fortelus and other investors are preparing to oust the management of a publicly listed investment trust because they disagree with its investment decisions, the Guardian has learned. The growing row provides a rare insight into the way hedge funds operate.<\/p>\n<p>Fortelus owns 14% of the shares of Strategic Equity Capital (SEC), a trust managed by London-based asset manager SVG Investment Managers. Along with shareholders representing another 20% of the company&#8217;s capital, the rebel group will request management to step down at an extraordinary general meeting to be held in London on 14 August. &quot;We&#8217;re launching an EGM to remove the board of this underperforming fund,&quot; said one of the investors.<\/p>\n<p><a href=\"http:\/\/www.guardian.co.uk\/business\/2009\/jul\/30\/fortelus-strategic-equity-capital-row\" target=\"_blank\" title=\"Read Complete Article\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hedge fund Fortelus and other investors are preparing to oust the management of a publicly listed investment trust because they disagree with its investment decisions, the Guardian has learned. The growing row provides a rare insight into the way hedge [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[14771,929,6509,14770,14767,14772,5775,11708,13793,5297,7657,4504,3364,14768,14769,5661],"class_list":["post-11156","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-14-august","tag-asset-manager","tag-egm","tag-equity-capital","tag-extraordinary-general-meeting","tag-fortelus","tag-guardian","tag-hedge-funds","tag-investment-decisions","tag-investment-managers","tag-investment-trust","tag-investors","tag-london","tag-rare-insight","tag-rebel-group","tag-shareholders"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=11156"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11156\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}