AVI calls on shareholders to remove Symphony International Holdings board
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Concerns over fund s poor performance
SIHL today trades at a discount in excess of 50% to estimated NAV
Asset Value Investors (AVI) has launched a campaign calling for shareholder support to remove and replace Symphony International Holdings board of directors due to poor performance .
AVI owns a 15.4% stake in SIHL on behalf of institutional clients. Having first invested in 2012, it now claims that a continued approach of constructive private engagement has no prospects of success .
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