As
Common Investment Funds, investing charities have the knowledge
that the two Funds have been scrutinised by the Charity Commission.
Indeed, as charities in their own right, they are tax-efficient
and benefit from the Stamp Duty Reserve Tax exemption, unlike
a conventional unit trust.
As a further comfort, charities investing in the Alpha Common
Investment Funds benefit from the independent Board of
Directors. They have
responsibilities similar to those of charity trustees and
meet Sarasin & Partners at least quarterly to
discuss investment policy and strategy.
| The Board of The Alpha Common Investment
Fund for Endowments |
| • |
Chairman: Mr. Christopher Surtees
Registered Charity Number: 1025527 |
|
| • |
Other Board Members: |
|
| |
Prof. Hilda Brown (Deputy Chairman)
Mr. Eric Vallis
Dr. Gordon Screaton
Mr. John Harbord-Hamond
Mr. M. Carpenter
Mr. C. Surtees
Mr. J. Foster
Mr. J. Lake
Ms A. Burns
Mr. A. Gordon |
|
The Board of The Alpha Common Investment Fund for Income
& Reserves |
| • |
Chairman: Mr. Michael Carpenter
Registered Charity Number: 1110710 |
|
| • |
Other Board Members: |
|
| |
Mr. J. Lake (Deputy Chairman)
Mr. C. Surtees
Mr. J. Foster
Mr. C.C. Surtees
Prof. Hilda Brown
Mr. Eric Vallis
Dr. Gordon Screaton
Mr. John Harbord-Hamond
Ms A. Burns
Mr. A. Gordon |
|
| |
|
Custodian: Northern Trust Company
Trustee: Royal Bank of Scotland
Auditor: Ernst & Young
Investment Management Fee: 0.75% per annum
Other Expenses: both funds also bear certain
other costs including brokerage, custodial, administrative,
registrar and trustee fees.
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