Interim director appointment sees HHV resume trading
The Hunter Hall Global Value fund (HHV) has recommenced trading on the Australian Securities Exchange (ASX) following the appointment of an interim director to its board.
The company announced today that it had appointed Robert Millner to the interim role which had become vacant as a result of the former chair, Paul Jensen, losing his position in the ballot held at last week’s extraordinary general meeting.
The ASX announcement said Millner had extensive experience as a public company director and had agreed to take on the role of interim director to enable a lifting of the voluntary suspension of trading required by public company rules.
It said Millner would step down from the board as soon as a permanent replacement for Jensen had been appointed.
Millner is the chairman of HHV’s second-largest shareholder, Washington H. Soul Pattinson.
HHV deputy chairman, David Groves said the board had begun a search for a suitable successor to Jensen and while wanting to make the appointment as soon as practicable would not be rushing the process at the expense of identifying the best possible candidate.
Recommended for you
With active ETFs becoming the latest choice as fund managers target the retail audience, their high fees may be a detractor as research finds investors are shunning those priced any higher than 50 bps.
The possibility of a dissenting vote from shareholder L1 Capital has led Platinum Asset Management to scrap its conversion plan for the $450 million Platinum Capital LIC into an ETF.
Family office Lederer Group has made an off-market takeover bid for ASX-listed Elanor Commercial Property Fund, with chair Paul Lederer taking exception at the firm’s lack of accountability, oversight and transparency.
Janus Henderson is actively seeking to partner with private wealth firms in Australia as it looks to expand its number of strategic partnerships, as well as focus on retirement income product development.
