Unicorn Asset Management CEO and CIO Peter Webb has resigned from the Eaglet Investment Trust board, with concerns over "activist/arbitrage" investors taking a stake in the company.
Webb will remain as investment manager of the firm he founded in 1993. “I have been a director, shareholder and manager of Eaglet since its inception in 1993 and I continue to believe as I did all that time ago that it is a unique investment company,” he says. “During recent times, seemingly inevitable waves of activist/arbitrage investors have built stakes in the company. “By their very nature as short term traders, I do not expect such shareholders to support the long term investment strategy that Eaglet has pursued in the past and which I believe is so essential to unlocking value in...
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