ReCap lashes Lemarne’s latest raid
Nick LenaghanProperty editor
Updated
Fund manager, Real Estate Capital Partners USA Property Trust , has hit back strongly at the latest bid by corporate raider Darren Olney-Fraser to take over its management.
The protracted battle over the beleaguered fund, which reported a turnaround interim profit this week, took a fresh turn in February when listed investment company Lemarne Corporation requested a meeting to replace the fund manager’s responsible entity.
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