Gresham House Strategic will be wound down after a vote by shareholders to return all capital.
In a statement to the stock exchange this morning, the company confirmed that 93 per cent of shareholders voted to return all capital to them over a two-year period.
Simon Pyper, interim chairman of GHS, said: "The board would like to thank all our shareholders for their engagement.
“We will now proceed with these plans to return capital, with the support of Harwood Capital, our new investment manager"
In November, the firm announced that it was planning to propose a sale of its assets following a strategic review and shareholder discontent.
GHS had appointed Harwood Capital in October, after a strategic review in May resulted in the previous investment manager, Gresham House Asset Management, being terminated.
Following this, the firm received “irrevocable undertakings” from shareholders representing 46.8 per cent of issued share capital in favour of winding GHS down over 24 months.
This was despite the firm outperforming its benchmarks by at least 10 percentage points in the six months to September 30.
The trust returned 24.4 per cent in the six months to September 30 while the FTSE All-Share Index and the FTSE Small Cap (ex-ITs) Index saw total returns of 7.9 per cent and 13.5 per cent respectively in the period.
David Potter, former chairman of Gresham House Strategic had previously written to shareholders encouraging them to vote against the wind-down proposals, accusing Gresham House of controlling the firm from a minority position.
He said: “The whole story is a sad example of big city interests working against those of smaller private investors.”
Anthony Townsend, chairman of Gresham House, said: “The principles of corporate governance have been upheld and investors have exercised their rights and have been listened to.
"Shareholder democracy has prevailed.”
sally.hickey@ft.com
