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Bramdean Alternatives director quits

Bramdean Alternatives investment trust non-executive director Peter Barton has resigned from the firm.

Barton, who is also chairman of Bramdean Asset Management, had his resignation accepted by the Board in a bid to remain fully independent of the manager.

Bramdean Alternatives is currently in the midst of a power struggle between Nicola Horlick’s Bramdean Asset Management, which manages the business, and its leading shareholder Elsina.

Last week, Elsina founder Vincent Tchenguiz called for an extraordinary meeting in May to replace the Bramdean board, claiming it has the support of more than 50 per cent of shareholders.

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