Activist investor questions the structure of troubled IFG

An activist investor in IFG Group, the Dublin-based financial services company which last week parted ways with its chief executive and chairman, has said that it believes the current group structure “fails to adequately recognise their value”.

GVQ Investment Management, the investment manager for IFG backer Strategic Equity Capital, said that it had not sought to change the management or the board, but added that “we believe it is a high-quality and heavily ...