Edward Bramson

Neil Woodford has opened a position in Edward Bramson's Sherborne 'Guernsey B' vehicle as one of his first investments at his new firm.

Edward Bramson is to stand down from his role as chairman of F&C Asset Management, to be replaced by Kieran Poynter.

F&C Asset Management has reported pre-tax profits of £37.3m for the half year ending 30 June 2013, citing buoyant equity markets and cost-cutting measures introduced by activist shareholder Edward Bramson.

Edward Bramson's investment vehicle Sherborne has lifted its stake in 3i to 5%, five months on from first building a position in the private equity firm.

F&C chairman Edward Bramson has won the backing of investors including George Soros for a new buyout fund that will target a mid-cap UK company.

Edward Bramson completed his strategic review into F&C Asset Management today, revealing plans to expand its range of investment trusts and to market F&C multi-manager funds direct to consumers.

Dutch insurer Achmea is in the process of selling its 9.6% stake in F&C Asset Management, equivalent to some 51 million shares.

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