Magellan High Conviction Trust is a nice juicy target. It listed in late 2019, is run by Hamish Douglass, invests in Microsoft, Alphabet, Facebook and the like, and its biggest shareholder is the Lowy Family Group, which declared a 5.35 per cent stake last November. Most importantly, it is struggling with a sizeable discount to asset backing.
As for WAR’s other targets, one of the prime contenders has to be Templeton Global Growth Fund, which is part way through a strategic review and is one where Wilson Asset Management Group already has a toehold 14.6 per cent stake.
