Trust Insider: why is Sherborne back tilting at Electra’s windmills?
Electra – to my mind the flagship fund of the listed private equity sector – is back in the firing line as Sherborne investors’ Edward Bramson and Ian Brindle try once again to get themselves appointed to Electra’s board without explaining why anyone thinks this is a good idea.
I think it would be a great shame if they succeeded in their aim, but the vote will presumably be closer than it was last time as Sherborne owns a few more shares than it did.
Assuming they fail, Read more [...]