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Saturday, 3 October 2026
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Saturday, 3 October 2026
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Namibian press · Organization

Riskowitz Value Fund

Also known as: RVF · Riskowitz Value Fund LP · Riskowitz group

US-based investment fund holding shares in Trustco Group Holdings, whose board-replacement attempts were rejected multiple times in 2026.

2026-01-282026-10-03
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What’s been said

Key points drawn from coverage. Tap a point to see the original sentence.

  1. February 2026

  2. The Namibian

    Riskowitz Value Fund LP sought to remove the existing board and appoint new directors

    Source

    “RVF, which holds approximately 23% of Trustco's shares, had sought to remove the existing board and appoint new directors.”

    Trustco hostile takeover bid fails

  3. Informanté

    Riskowitz Value Fund LP could not secure majority vote to reconstitute the Board

    Source

    “Even had the condonation succeeded, RVF could not secure a majority vote on the substantive requisition to reconstitute the Board.”

    Foreign Hostile Takeover Bid Against Trustco Fails on All Fronts
  4. January 2026

  5. The Namibian

    Riskowitz Value Fund moved to fire the current board, including founder Quinton van Rooyen

    Source

    “Trustco Group Holdings is facing a leadership purge after its largest minority shareholder, Riskowitz Value Fund (RVF), moved to fire the current board, including founder Quinton van Rooyen, next month.”

    Trustco faces board upheaval as minority shareholder moves to fire founder Quinton van Rooyen
Business

High Court freezes 200 million Trustco shares in Riskowitz dispute

The News

The High Court has ordered the attachment of 200 million Trustco Group Holdings shares and 1,135 unlisted Legal Shield Holdings shares linked to US-based Riskowitz Value Fund LP, temporarily preventing the investor from selling or transferring the shares. The interim order was granted on 25 September as the two parties dispute control of the Namibian investment group, with the dispute linked to a N$468 million transaction and RVF's attempts to influence Trustco's board.

8 hours ago · The Namibian →

Today

  1. High Court freezes 200 million Trustco shares in Riskowitz dispute

    The High Court has ordered the attachment of 200 million Trustco Group Holdings shares and 1,135 unlisted Legal Shield Holdings shares linked to US-based Riskowitz Value Fund LP, temporarily preventing the investor from selling or transferring the shares. The interim order was granted on 25 September as the two parties dispute control of the Namibian investment group, with the dispute linked to a N$468 million transaction and RVF's attempts to influence Trustco's board.

    8 hours ago · The Namibian →

Yesterday

  1. High Court attaches Riskowitz-held Trustco shares pending November hearing

    Namibia's High Court granted an interim order on 25 September attaching 200 million Trustco Group Holdings shares held by Riskowitz Value Fund LP, pending a court hearing on 6 November 2026. The order also covers 1,135 unlisted shares in Legal Shield Holdings Limited and directs the Deputy Sheriff to effect the attachment and notify relevant share registers.

    2 October 2026 · Windhoek Observer →

Thursday 1 October

  1. Trustco obtains court order blocking Riskowitz share transfers

    Trustco Group Holdings has secured an interim High Court order authorizing the attachment of 200 million Trustco shares and 1,135 Legal Shield Holdings shares held by US-based Riskowitz Value Fund LP, placing them under court control and preventing their sale or transfer. The move follows Riskowitz's earlier unsuccessful attempts to change Trustco's board in February and August 2026.

    1 October 2026 · Informanté →

Tuesday 18 August

  1. Trustco shareholders reject Riskowitz board-replacement attempt

    Shareholders of Trustco Group Holdings Limited rejected all substantive resolutions proposed by Riskowitz Capital Management LLC at a general meeting, with each nominee and resolution to remove incumbent directors securing no more than 35.77% support. This marks the second failed attempt by Riskowitz parties to replace the board in six months.

    18 August 2026 · Informanté →

Wednesday 17 June

  1. Trustco faces shareholder demand for new board appointment

    Trustco Group Holdings has received a formal demand from major shareholder Riskowitz Capital Management LLC to convene a shareholders' meeting to appoint a new board. This follows a contentious February shareholder meeting where a majority voted to remove the current board, but the outcome was invalidated by board chairman Raymond Heathcote on procedural grounds.

    17 June 2026 · The Namibian →

Tuesday 24 February

  1. Trustco board removal vote ruled invalid over notice period

    Trustco shareholders voted by 43.75% to remove the current board, but chairman Raymond Heathcote invalidated the meeting on the grounds that it lacked the required 21-day notice period under the Companies Act. The Riskowitz Value Fund, which proposed five replacement directors, says it will take the matter to court.

    24 February 2026 · The Namibian →

Saturday 21 February

  1. Trustco unwinds share deal after RVF takeover bid fails

    Trustco Group Holdings is returning 400 million shares to treasury or suspension following a failed takeover bid by its largest minority shareholder, Riskowitz Value Fund, which held 23% of shares and attempted to fire the board. The reversal of the Legal Shield Holdings transaction, originally approved in December 2024, restores capital structure and reduces total shares in issue to approximately 992.2 million.

    21 February 2026 · The Namibian →

Thursday 19 February

  1. Trustco unwinds NAD 468 million LSH deal after RVF takeover bid fails

    Trustco Group Holdings has confirmed the full unwinding of its Legal Shield Holdings transaction following a failed hostile takeover attempt by Riskowitz Value Fund LP, which had received 400 million shares under an agreement that expressly prohibited a change of control but then used those shares to attempt exactly that. Approximately 400 million shares are being returned to treasury, restoring Trustco's shareholder structure and reducing RVF's voting rights to approximately 22%, with Trustco reserving all rights to pursue damages and restitutionary remedies.

    19 February 2026 · Informanté →

  2. Trustco rejects hostile takeover bid by minority shareholder RVF

    Trustco Group Holdings' largest minority shareholder, Riskowitz Value Fund LP (RVF), failed in its attempt to remove and replace the board at a general meeting on Monday. The meeting was ruled illegally convened under the Namibian Companies Act; a condonation vote to remedy defects failed, and RVF could not secure majority support even on the merits, according to the company.

    19 February 2026 · The Namibian →

Tuesday 17 February

  1. Trustco rejects hostile takeover bid by foreign fund on procedural grounds

    Trustco Group Holdings rejected a hostile takeover bid by Riskowitz Value Fund LP at a shareholders' general meeting. The Chairman ruled the meeting illegally convened under Namibian law, a condonation vote to cure the defect failed to achieve the required majority, and even on the substance of the proposal, the fund could not secure board reconstitution support.

    17 February 2026 · Informanté →

Wednesday 28 January

  1. Trustco minority shareholder calls February vote to remove board

    Riskowitz Value Fund, a 23% shareholder in Trustco Group Holdings, has called a general meeting for 16 February to elect five new directors and remove founder Quinton van Rooyen and the current board after they refused to convene the meeting. The board claims the requisition is invalid and accuses the proposed directors of value destruction, but Section 189 of the Namibian Companies Act allows members holding at least 5% of voting shares to require such a meeting.

    28 January 2026 · The Namibian →

Riskowitz Value Fund — Namibian press coverage · Namibia Minute