Hunter Hall's listed investment company, Hunter Hall Global Value, has declined to comply with Wilson Asset Management's request for an equal-access share buyback, leaving the board at risk of being rolled.

Geoff Wilson's Wilson Asset Management wrote to the board of Hunter Hall Global Value, or HHV, last week seeking a buyback at net tangible asset value (NTA) for all shareholders. As HHV's biggest investor with more than 11 per cent of the register under its control, WAM has the ability to call an extraordinary general meeting to install new directors, which it appears now poised to do.