Elevation bid to wind up Marlin falls short with 20 percent support

Thu, 01 Nov 2012

By Paul McBeth Nov. 1 (BusinessDesk) - Elevation Capital Management's bid to dump Fisher Funds as the manager of listed investment firm Marlin Global and wind up the portfolio fell short at today's annual meeting, winning 20.2 percent of the vote. Elevation, which joined Marlin's share register in September, claimed shareholders have been poorly served by the company which has consistently traded at a discount to its net asset value and underperformed passive funds. Winding up the company offers investors upside of some 15 percent with a ret...

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