Speaking on a live online investor webinar on 26 March, lead manager Tom Slater attempted to quell concern about the influence Elliott had over the £13bn investment trust. US activist investor Elliott Management takes 5% stake in Scottish Mortgage The move was revealed from Elliott after SMT announced it was launching a £1bn share buyback programme in an attempt to close the trust's discount, which is currently at 7.2%, according to data from the Association of Investment Companies. Elliott has a reputation as a powerful activist in the investment trust space, derived from its posi...
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