View more on these topics

Bloxham fund pulled from Wealth 150 after asset manager sale

Pramit Ghose
Pramit Ghose

Hargreaves Lansdown has removed the Elite Bloxham global equity income fund from its Wealth 150 list owing to “uncertainty” surrounding former owner Bloxham.

Bloxham Stockbrokers, the asset manager’s parent company, has been ordered to stop trading by the Central Bank of Ireland after alleged financial irregularities came to light.

The Bloxham Asset Management business has been sold to rival wealth manager and stockbroker Davy with immediate effect. The terms of the deal were not disclosed.

Bloxham confirms that no client funds are involved in the alleged irregularities. The assets of the Elite Bloxham global equity income fund are held by a separate trustee.

Hargreaves Lansdown senior analyst Meera Patel says: “However, given the uncertainty this development brings, we have removed the fund from the Wealth 150 list of our favourite funds in each sector.

“We believe these revelations will inevitably prove a short-term distraction for the fund manager, Pramit Ghose, who was a managing partner at Bloxham.”


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm