16 Feb 2011

Salvus investors to benefit from wind-up says expert

7:39 am on 16 February 2011

An investment expert says shareholders in Salvus Strategic Investments will be better off if the investment fund is wound up.

The fund's board is considering selling its $20 million share portfolio and giving the money back to investors, as it lacks scale.

The move follows investment vehicle Guiness Peat Group's decision to sell nearly all its $1.3 billion portfolio and give the money back to investors.

Publisher of the investment website goodreturns.co.nz Philip MacAlister says it is common for smaller funds to struggle with a low share price compared with the value of their investments.