At the 11th hour, after a long fight involving courtrooms and calls to sway investors, the directors of an embattled pirate-themed fund simply fell on their swords.
The directors of Brisbane-based investment fund Benjamin Hornigold, named after an 18th-century pirate, resigned on Wednesday night just before a vote from rebel shareholders to oust them.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
