Fund managers, page-1124

@SP007
Perennial comment on NGI in June (in case you did not see it) :

"We have been engaging with management and the board at Navigator Global Investments (+34.3%) since late last year.
We suggested ways to simplify the structure and bring forward the large earnings stream from previously announced (but highly structured) acquisitions.
We were very encouraged by the outcome announced during the month which saw major shareholder Dyal Capital (a division of US listed Blue Owl Capital, market cap ~US$16bn ) take a placement at $1.40 (versus a share price closer to $1 in recent months) as part of the restructure.
NGI also upgraded earnings and existing shareholders like ourselves can participate in a discounted rights issue post shareholder approval in September/October further enhancing potential returns".

NGI is the 2nd largest holding for Perennial small caps, with a weight of 4.8 %.