Executives like to remind us that they, too, are shareholders. So, when directors buy or sell, you should probably care. When investors, institutional or individual, take meaningful stakes in a company it’s probably worth paying attention too.

In the past fortnight, large fund manager Coronation has increased its ownership in niche real estate investment trust company Fairvest to a staggering 47.4%. That’s a dominant position — but surely Coronation has no grand ambitions on little old Fairvest?..

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