You are correct. However the merger would impact the funds as well. There is no reason to keep overlapping funds (RF1 and VG1) under one entity. Geoff will do its best to get us a good outcome. His underperforming WAR fund needs it.
AFR today:
Geoff Wilson, Wilson Asset Management founder and chair of WAM Strategic Value (WAR), says he’s excited by the prospect of dealmaking at Sydney hedge fund VGI Partners and confident its chairman Rob Luciano will make decisions in the shareholders’ best interests.WAM Strategic Value, or WAR per its ticker, holds stakes in two VGI licensed investment companies (LICs) - the VGI Global Investments (VG1) and the VGI Partners Asian Investments (VG8).
Mr Wilson refused to confirm if either entity would be interested in a transaction with VGI Partners.
“I’ve got a lot of respect for Rob [Luciano, VGI executive chairman and portfolio manager] and his team and I am sure any transaction they do will be in shareholders’ best interest,” Mr Wilson said.“This looks like a very exciting development,” he added.
VG1 Price at posting:
$2.05 Sentiment: Hold Disclosure: Held
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