[…] “We focus on companies that have fallen on hard times for one reason or another, normally due to issues related to governance or strategy,” Meidar said. “We seek out fundamentally good businesses that are trading at a depressed price, we can then engage with them and get other shareholders behind our ideas for change.”
Meidar added that, while the outbreak of Covid-19 changed behaviours, it did not change trends, just sped them up.
Going forward, the firm is now assessing a pipeline of opportunities and building up its current positions. It is also marketing the fund to potential investors in a bid to build upon its 2020 performance.
“Covid-19 has just accelerated existing trends rather than change consumer behaviour. For example, the e-commerce sector was growing anyway, but now years of growth have been pushed into one,” he said […]