
News
AXA buys more of Salvus
Thursday 2nd of March 2006
Axa already had a near 6% stake in the investment fund acquired in September 2004.Andrew Bascand, equities manager at AXA's funds management arm, Alliance Capital Management, says his firm took advantage of the fact that Salvus shares had been trading at a 32% discount to net asset value.
AXA paid 65 cents a share and the fund's last published net tangible assets per share on February 2...
Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.
Latest News
3 min read
2 min read
3 min read
3 min read
3 min read
Latest Comments