EDITOR’S NOTE: Market is ready for an activist investment fund

The emergence of value Capital Partners (VCP) as an influential shareholder at services conglomerate Adcorp heartens me greatly. Shareholder activism has largely been the domain of tireless individuals such as Theo Botha, who too often can’t back up valid shareholder concerns with voting muscle. Goodness knows, if Botha had had influence, sad sagas such as Sage might have turned out differently.