By Richard Henderson

 

The latest listed investment company from Geoff Wilson has taken stakes in portfolios from rival fund managers including Rob Luciano’s VGI Partners as it seeks to turn the gaps between LICs’ assets and their share prices into investment returns.

Wilson Asset Management’s WAM Strategic Value LIC floated on Monday under the ticker WAR armed with $225 million in assets that it has directed to some of the best known brands in the local market.

A list of 17 positions in rival LICs seen by The Australian Financial Review shows the new portfolio has purchased stakes in embattled international equities portfolio VGI Global Investments and Milton, one of the largest LICs that last week agreed to merge with Washington H. Soul Patts.

Read more in the Australian Financial Review.

Back to blog