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8IP Emerging Companies Limited

Fund Manager: Eight Investment Partners
Inception Date: Dec 01, 2015

By buying in cheap and selling out some of their holdings early, unitholders in 8IP's emerging companies fund 8EC most certainly made a profit on their investment in now arguably worthless Big Un. But a vehicle associated with Kerry Series, the chief investment officer of the fund, may have done even better. Which we think – despite the best efforts of controversial activist investor Nick Bolton as he unsuccessfully tried to take over 8IP earlier this year – hasn't got nearly enough attention. So let's recap Series' many interests in Big Un, and how they intersected with the interests of his unitholders. [More]

Geoff Wilson joins 8IP board

Investor Daily - Apr 12, 2018

Eight Investment Partners, better known as 8IP, has appointed Wilson Asset Management (WAM) founder and chairman Geoff Wilson to its board. WAM and its associates are shareholders in 8IP and will provide strategic support to the investment company.   8IP chairman Jonathan Sweeney said the appointment would "significantly strengthen the board's management, strategy and marketing expertise". [More]

Small cap fund manager, and Big Un shareholder, Eight Investment Partners has come under attack from Aurora Funds Management, the company with ties to activist Nick Bolton, which is calling for three directors of its 8IP to be replaced. In a statement to the ASX, Aurora which controls just under 20 per cent of 8EC, the $50 million listed investment company managed by 8IP, cited the fund's trading discount relative to its assets and its investment strategy as reasons for the board overhaul. The group also called out 8IP's position in suspended technology stock Big Un, which had been on of the fund's larger positions, citing concerns about the private exposure to the company of 8IP principal and chief investment officer Kerry Series. [More]

Kerry Series and Steve Walsh's Eight Investment Partners is set to launch a new listed investment company with the help of stockbrokers Taylor Collison, Bell Potter and Shaw and Partners.  The small caps fund, to be named 8IP Emerging Companies and targeting up to $60 million, is expected to be modelled on the manager's concentrated portfolio which has returned more than 130 per cent since it launched early last year.  The listed fund will be overseen by Series, while former The Trust Company managing director Jonathan Sweeney and Snowball co-founder and former boss Tony McDonald will take seats around the boardroom table. A constitution, prepared by Ashurst Australia, was lodged with the corporate regulator late last month.    8IP and the brokers are expected to begin marketing the fund later this month, once an offer document is vetted by the Australian Securities and Investments Commission.  [More]

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