Strategic Equity Capital – “Business as usual” is a note that Marten & Co wrote for QuotedData that explains the impact of Stuart Widdowson’s resignation as manager of Strategic Equity Capital.
Strategic Equity Capital (SEC) announced Stuart Widdowson’s departure from GVQ Investment Management on 7 February 2017. GVQ stress that it is “business as usual” and say Stuart’s absence has no impact on the investment philosophy behind SEC, GVQ’s investment approach or SEC’s portfolio. Jeff Harris has stepped up to become lead portfolio manager and Adam Khanbhai becomes the new deputy manager. The management team is enthused about the prospects for SEC’s future performance as they say that former “problem children” within the portfolio are showing positive initial signs of recovery and they expect the market will recognise the latent value within the portfolio.
SEC is managed with a focused portfolio of investments selected on the same basis that a private equity investor would use to appraise its investments.
Two of the non-executive directors added to their holdings in the wake of the announcement. Richard Locke and his wife bought 10,000 shares as did William Barlow.