LAST week, one director and one departed founder sold shares in Ashmore, the emerging-market investment manager.
With the stock trading at about four-year lows, Tom Shippey, finance director, pocketed £169,897 from the sale of 58,384 shares at 291p each following the vesting of share awards, retaining a further 87,912.
That came as Jerome Booth, co-founder of the company and former head of research, sold down his stake below 5% for the first time, although it was not stated at what price he sold.
Booth has a reputation as a canny market-timer after leaving the company he co-founded last year, shortly before its markets and then its share price tanked as it was downgraded by Goldman Sachs. He last sold down his stake in July with