It is fair to say it has become rather fashionable to criticise alternative assets. However, alternatives have been going from strength to strength in one part of the investment universe - the humble and ancient investment trust.
Dexion Capital has been acquired by Australian boutique fund manager Fidante Partners for £19.6m.
Dexion Capital's Magnus Spence is preparing to launch an alternative UCITS platform, with its first offering managed by a former member of the MPC.
Former Dalton Strategic Partnership co-founder Magnus Spence has joined Dexion Capital as head of asset management.