Stephen Ackerman, a non-executive at Gresham House, made a handsome profit on shares he bought on the same day the investment trust issued its results.
He bought 5,000 shares at 329p a go, paying a total of £16,450, ahead of an 8.5% rise in the shares that saw them close at 345p.
Gresham narrowed its losses in 2010 and announced that it will be changing its investment strategy "to enable the orderly realisation of the group's assets over a period of approximately two years with a view to returning capital to shareholders."
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Parental contributions to kids' university living costs could reach £14,000 a yearParents helping kids with university living costs face contributions of up to £14,000 per year, according to a report from HEPI and TechnologyOne.
-
Rightmove: property asking prices hit record highNews Rising demand for top of the ladder home is boosting asking prices, Rightmove research shows. Is now a good time to sell a property?
