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GAM Alternatives Fund managers call on Liontrust Asset Management to commence immediate strategic review
Activist managers highlight an 85% share price drop and 50% asset decline, urging Liontrust to sell for better shareholder value amid UK asset management consolidation.
6 Articles
6 Articles
GAM Alternatives Fund managers call on Liontrust Asset Management to commence immediate strategic review
This communication relates solely to the investment activities of the mentioned Special Situations Investment Funds, which form part of the GAM Alternatives business. Activist engagement is undertaken by the funds' investment managers in pursuit of the funds' stated investment objective. It should not be interpreted as a statement of corporate policy or opinion by GAM Investments. Activist investors Albert Saporta and Randel Freeman cite signifi…
GAM managers push for Liontrust sale amid stock slide
Portfolio managers from the GAM Global Opportunities and Global Special Situations Funds have urged Liontrust Asset Management to launch a “strategic review” aimed at selling the business. In an open letter to John Ions, CEO of Liontrust, Albert Saporta and Randel Freeman argued that the company is “significantly undervalued”, referencing an approximate 85% fall in its share price since September 2021. During the same period, Liontrust’s assets …
Albert Saporta and Randel Freeman deplore the strategy of the general manager of the British management company which led to a fall in prices and stocks.
‘Way too little, too late’: GAM calls for a strategic review of Liontrust
Albert Sapora and Randel Freeman, managers of the GAM Global Opportunities and GAM Global Special Situations funds, have called on Liontrust CEO John Ions to conduct an immediate strategic review of the business. The activist investors own 3.6% of Liontrust’s share capital and believe the business has failed to deliver value for investors in recent years. In an open letter from GAM to Liontrust released today (23 March), Sapora and Freeman said:…
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