Following on from yesterday’s (May 24) announcement from Gresham House Strategic’s (GHS’s) board that it will conduct a strategic review on the existing strategy against other strategies available (click here to read our news story from yesterday), it was announced this afternoon that GHS’s manager, Gresham House, had accepted the resignation of Richard Staveley, who has left the company (and his position as one of GHS’s managers) with immediate effect.
Laurence Hulse and Tony Dalwood to continue managing GHS
Richard was with Gresham House for 20 months. The core team comprising Laurence Hulse, who has been directly involved in GHS since Gresham House was appointed as manager nearly six years ago, alongside Tony Dalwood, fund manager and chair of the GHS investment committee, will continue to manage the portfolio.
About GHS
GHS invests primarily in UK smaller public companies, applying private equity style techniques and due diligence alongside a value investment philosophy.
The manager focuses on profitable, cash-generative companies that it believes are intrinsically undervalued, aiming for significant engagement with investee company stakeholders in support of a clear equity value creation plan over the long term.
GHS: Richard Staveley leaves Gresham House Strategic’s manager