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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