Hedge Fund firm VemaGrowth blocks activist investors from joining its self-service portfolio management
A source told VSBCnews on Monday that VemaGrowth, the oldest hedge fund company of Mount Vema has blocked two activist investors from joining its Self-Service Portfolio Management.
The firm which is the only survivor and the most successful, following closure of almost all Mount Vema hedge fund companies since the creation of the Kingdom of Mount Vema in 2006 has been on high alert to stay away from associating itself with controversies.
After its decision last month to reduce the margin of its main corporate fees to enable more flexibility on the fees that its Self-Service Portfolio Managers charge their clients, the firm new that it was exposing itself and it would be attracting activist investors.
So, the management has put in place a system of filtering by asking some investors for more upfront explanation of their activist ideas before funding, including application of known strategies such as requiring that the funds be temporarily placed into a special purpose vehicle to take action to improve value or rid themselves of rebel intruders.
COUNTRY CODES IN USE
Mount Vema Country Code: OV / MOV
Mount Vema Numeric Country Code: 507
Currency Code: VSG
Top-Level Domain: .com, and .ov (proposed)
Proposed Telephone Country Code: +294
International Treaties – Ratified by the Kingdom of Mount Vema
Law of the Sea Treaty (United Nations Convention on the Law of the Sea)
MARPOL 73/78 (Convention for the Prevention of Pollution from Ships)
The Vienna Convention on Diplomatic Relations of 1961
The Vienna Convention on Consular Relations 1963