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Richard Staveley leaves Gresham House and steps down from GHS trust With immediate effect Richard Staveley, co-manager of the Gresham House Strategic (GHS) investment trust and managing director at Gresham House, has resigned from the business after a 20-month tenure and will leave with immediate effect. Staveley, who is additionally sole manager of the open-ended Gresham House UK Smaller Companies fund since June 2020, will also step down as co-manager of the £49.4m GHS trust, which he runs alongside investment committee chair Tony Dalwood and deputy fund manager Laurence Hulse. GHS, which accounts for £58m of Gresham House s £4bn of assets under management, is one of several funds managed by Gresham House s strategic equity team, which includes Hulse and Dalwood, and has Gresham House fund managers Ken Wotton and Graham Bird on its committee. ....
Home / News / River and Mercantile founding partner resigns from Gresham House after less than two years River and Mercantile founding partner resigns from Gresham House after less than two years By Kristen McGachey, 25 May 21 Gresham House had been described as a ‘good home’ for Richard Staveley who joined from Majedie in September 2019 Gresham House portfolio manager and managing director Richard Staveley has resigned after less than two years at the fund boutique. Staveley (pictured) has more than two decades of fund management experience, including five years at Majedie Asset Management and seven years at River and Mercantile, the Aim-listed manager he helped found in 2006. ....
Source: Trustnet Gresham House Strategic has £57.4m in total assets, according to data from the Association of Investment Companies. It currently trades on a 6.4% discount, slightly better than the UK Smaller Companies average of 7.1%. “The future growth of GHS is therefore limited due to the lack of availability of new funds for investment at a time when both several attractive investment opportunities exist, and GHS would be a benefit from taking larger stakes in some of its existing investments,” the board wrote. The review will be conducted in conjunction with an independent financial adviser, which the board expects to appoint shortly, and is expected to be completed by the trust’s AGM in September. ....