P2P Global Investments says that it is conducting a review of its investment management arrangements.
Following discussions with MW Eaglewood Europe LLP (the investment manager) and significant shareholders of the company, the board has resolved to initiate a review of the company’s investment management arrangements.
The board will update shareholders as to the outcome of the review in due course.
Update 5 April 2017
MW Eaglewood has noted the statement issued by the Board of P2P Global. MW Eaglewood announced in its January update that it was dissatisfied with the net returns achieved by the Company and was undertaking a review of additional steps that may be taken to improve results. As a result of this review, MW Eaglewood has recently submitted to the Board for consideration a substantial Performance Enhancement and Discount Reduction Plan as one potential approach.
The investment manager is committed to working constructively with the Board and shareholders to achieve the best possible result for the Company.
P2P reviewing management arrangements