Wilson Asset Management and a Perth boutique advisory firm have quietly increased their stake in Templeton Global Growth Fund in an effort to enforce a shake-up of the board and improve the listed investment company's performance.
Coming hot on the heels of a vote last week to wind up the $434 million AMP China Growth Fund, the share purchase is a sign that investors are becoming increasingly prepared to agitate for change at underperforming investment companies.
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Sally Patten edits BOSS, and writes about workplace issues. She was the financial services editor and personal finance editor of the AFR, The Age and the Sydney Morning Herald. She edited business news for The Times of London. Connect with Sally on Twitter. Email Sally at spatten@afr.com
