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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.


Sales boosted by a sunny April

British retail sales rose in April thanks to the effects of some sunshine and Easter.According to the British Retail Consortium Retail (BRC) Sales Monitor, like-for-like British retail sales (which do not include sales from new shops) rose 4.6% in April compared with the same month last year. Putting the figures into context, the BRC says […]

Model approach

The journey toward the new model of financial advice is much discussed and seems set to play an important role in how advisers review their business models to build their businesses and remain profitable in a changing landscape.

Our research backs IFAs as top for trust

Nic Cicutti’s recent article in Money Marketing seemed to question the authority of an Aifa publication and the accuracy of the University of Nottingham trust index on IFAs.

Niche quarter for ethical funds

Ethical funds saw a strong rise in the first quarter of this year with net sales of 45.2m, a significant rise from the previous year’s 26.6m, although down from the previous quarter’s 54.8mThe latest statistics from the Investment Management Association show that net sales of funds of funds were 378.4m, up by 65 per cent on the previous quarter but significantly lower than the 647.1m seen a year earlier.


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