Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Bramson wins Soros backing for new buyout fund

Bramson wins Soros backing for new buyout fund

F&C head honcho and activist investor Edward Bramson has secured the financial backing of Soros Fund Management to launch another Guernsey-listed buy-out vehicle.

The fund will sit alongside Sherborne Investors Guernsey A, through which Bramson controls a 22% stake in F&C.

Head of distribution at the company Richard Wilson replaced Bramson as chief executive this week, while Mr Bramson will remain as executive chair until the spring before becoming a non-executive.

Sherborne Investors Guernsey B has listed on AIM and raised £270 million according to a report in the Financial Times, although it has not released any detail on its potential targets.

According to the paper, previous backers such as Threadneedle and Aviva have already backed the mandate.

Mr Bramson favours undervalued and underperforming UK listed companies which he believes have turnaround potential. He began to buy heavily into F&C in 2010 before ousting the senior executive team in 2011 and assuming control of the company, launching a major restructuring of the business.  

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Gutteridge and Foster discuss UK commercial property with Jason Baggaley, manager of the Standard Life Property Income investment trust

Brewin's Gutteridge asks Odey's Tim Bond two tough questions

Brewin's Gutteridge asks Odey's Tim Bond two tough questions

Gutteridge puts the heat on Odey's asset allocation maestro with a couple of tough questions.

Brewin's Foster & Gutteridge: searching for the yield of dreams

Brewin's Foster & Gutteridge: searching for the yield of dreams

Guy Foster and Ben Gutteridge discuss the latest upbeat US payroll report and how it has increased the probability of a first hike in interest rates in June.

Your Business: Cover Star Club

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Growing a business is the main aim of many company owners but managing that growth in a controlled way is just as important

Wealth Manager on Twitter