AVI calls on shareholders to remove Symphony International Holdings' board

Pedro Gonçalves
clock • 3 min read

Asset Value Investors (AVI) has launched a campaign calling for shareholder support to remove and replace Symphony International Holdings' board of directors due to "poor performance". AVI owns a 15.4% stake in SIHL on behalf of institutional clients. Having first invested in 2012, it now claims that a continued approach of constructive private engagement "has no prospects of success". Symphony International Holdings is a closed-end investment vehicle managed from Singapore and listed o...