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This September, investors in the Eaglet investment trust will have the chance to vote on one of the most radical shake ups in the 140-year history of investment trusts. With shareholders’ approval, out will go the trust’s current focus on undervalued small companies, and in will come a new strategy based on following company directors’ dealings. But is this an exciting move that will definitively prove or disprove the theory that it’s worth following company directors when buying and selling shares, or is it just the reckless destruction of what was once a market leading investment trust?

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