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This Quiet Activist Investor Has Averaged 19 Percent Returns for More Than a Decade

Edward Bramson, the founder of Sherborne Investors, goes after one company at a time. His last three targets have been U.K. money management firms.

Edward Bramson, the founder of Sherborne Investors, goes after one company at a time. His last three targets have been U.K. money management firms.

Source: Sherborne Investors via Bloomberg
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The crowd assembled beneath the ornate chandeliers in Saddlers’ Hall in London is expecting a showdown. Sherborne Investors, led by Edward Bramson, a publicity-shy New York activist who has targeted a succession of British money management firms in the past four years, has called this shareholder meeting to oust one member of the board of Electra Private Equity Plc and add Bramson and another candidate as directors.

The management of Electra, one of the U.K.’s oldest private-equity firms, sits up front. Sherborne, having built a 20 percent stake in Electra at the time of this October gathering, has argued in a letter to shareholders that the firm’s leadership is mismanaging its investments, overcharging investors on fees and interest, and underutilizing its cash.