Will investment manager buyout boost Strategic Equity Capital trust?
Shareholders in investment trust Strategic Equity Capital (SEC) will be hoping that the buyout of its investment manager GVQ will bolster the share price and narrow the widening gap to net assets.GVQ has secured a management buyout from backer RIT Capital Partners (RCP) which will make the investment manager 100% independent. The deal is believed to have been led by GVQ chief executive (CEO) Jamie