In the Margins

Invesco, shareholder in U.K. fund, board row

May 31, 2018

By Financial News

Invesco has been attacked by a leading shareholder over an "unjustified" attempt to oust directors at one its investment trusts—an increasingly acrimonious spat that has broader implications for the governance of U.K. mutual funds. Invesco filed a resolution calling for the sacking of the independent chairman of the Invesco Perpetual Enhanced Income Trust and another of its senior directors on May 22 following a dispute over the fees that the fund pays to Invesco. In an unusual move this week, wealth manager Brewin Dolphin, which owns 2.5% of the Invesco Perpetual Enhanced Income Trust, came out strongly in favor of the trust's board. Read the original story from Financial News.

 

 

Most Read

Top of the Agenda - Regulatory
2010-2020: A decade of regulatory developments

There certainly has been considerable change over the past 10+ years in the investment company industry and its regulation. From 2010 to 2020, the net assets ...