Lim, Metage turn activist against Macquarie infra fund
The hedge funds are asking shareholders of Macquarie International Infrastructure Fund to appoint three executives to the listed vehicle’s board to help raise stock market values.
Hedge fund managers Lim Advisors in Hong Kong and Metage Capital in London are taking an activist stance towards Macquarie International Infrastructure Fund (MIIF), which they contend is trading at a disproportionately low stock market valuation relative to its net asset value.
Lim and Metage, which own just over 10% of Singapore-listed MIIF, are urging shareholders to attend a MIIF special general meeting on December 5 to change the composition of the board.
They are proposing …
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