Dexion Alpha to refocus as commodities trust

Dexion Alpha Strategies shareholders have voted unanimously in favour of changing the fund's focus to invest in commodities hedge funds.

The fund is to be renamed Dexion Commodities - with Dexion Capital, which manages four listed funds under the Dexion brand, passing on management of the refocused fund to Man Investments. The company secured 100% approval on a 53% turnout, and the asset value of the continuing portfolio is around £47.9m. Dexion Capital chair Robin Bowie said: "We are very pleased that investors have shown such positive support of the reorganisation proposals to transform Dexion Alpha Strategies into Dexion Commodities. "Dexion Commodities will enable investors to access hedge funds trading activel...