Elanor building the foundations
On Thursday, property and funds management business Elanor Investors Group (ASX: ENN) announced it successfully completed an institutional placement to raise $30 million to establish a new commercial property fund and cornerstone a new retail real estate investment trust, which the company is preparing to list on the ASX. We own Elanor as a research driven investment in WAM Capital and WAM Research. We believe Elanor has a strong management team and have been long term supporters of the company. Shares in Elanor closed up 5% for the week.
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Wilson Asset Management has a track record of making a difference for shareholders and the community for 25 years and is the investment manager for eight LICs - WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB), WAM Microcap (ASX: WMI), WAM Alternative Assets (ASX: WMA), WAM Strategic Value (ASX: WAR), WAM Research (ASX: WAX) and WAM Active (ASX: WAA) - and the Wilson Asset Management Leaders Fund. Wilson Asset Management invests over $5 billion on behalf of more than 130,000 retail investors. Wilson Asset Management created and is the lead supporter of the first LICs to deliver both investment and social returns: Future Generation Australia (ASX: FGX) and Future Generation Global (ASX: FGG).
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