Skin in the game
There is an interesting article in The Times today about investment trusts and whether the directors have skin in the game. This is based on a report by Investec (which I have not seen). The only conclusion I could draw was to avoid investment trusts where the aggregate directors' shareholding is less than the aggregate board fees. Examples are: Fair Oaks Income, Ecofin US Renewables, Aquila Energy Efficiency, and JPMorgan Emerging Europe.
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