Electra Private Equity’s annual general meeting, held in the grand, chandeliered surroundings of London’s Saddlers’ Hall last week, could be seen as a vote of confidence in the listed private equity trust.

The majority of shareholders voted in favour of all resolutions put forward by the board, including the re-election of all of its directors. But the question on the lips of many shareholders related to Sherborne Investors, the New York-based activist that has been hoovering up shares in the firm since the beginning of last year.