Ashok Jacob's Ellerston will convert its global listed investment company to an unlisted trust to allow investors to cash out of the fund at the underlying value of the assets, as activist investors push for LICs to rethink "flawed" structures.
Ashok Jacob's Ellerston Global is converting its listed investment company to a trust to provide liquidity for its investors at a better price. Jim Rice
Loading...
Sarah Turner is the editor of the AFR Weekend Perspective section based in our Sydney newsroom. Email Sarah at s.turner@afr.com
Jemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years. Email Jemima at jemima.whyte@afr.com
