At least one analyst has decided there is no point in taking an investment view about Electra Private Equity, so hard is it to decide where the quoted trust will be in a year’s time.
I tipped the shares at £26.70 in late 2014 on the basis that the shake-up being instituted by Edward Bramson, the American activist investor probably best known then for a similar assault on the venerable Foreign & Colonial, could only be to the benefit of investors.
So it transpired. The shares added 18p to £38.33 on the sale of Elian, a provider of offshore trust and other services, for a good return. Mr Bramson has been installed as interim and unpaid chief executive. The investment manager, Electra Partners, has