‘Superwoman’ fund spirals down in its worst-ever month

Evening Standard – Control of the fund was wrested from Horlick supporters by its largest shareholder Vincent Tchenguiz after a tight shareholder vote last week.

Tchenguiz installed a new board with the brief to wind up the fund to create as much value for shareholders as possible.

Horlick will meet the new chairman Jonathan Carr this week and is expected to be told she is being axed as the fund’s manager.

That could lead to her claiming as much as £8 million as a termination fee although Carr is likely to challenge that figure.

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