Chaos at Athelney Trust as boardroom coup doesn’t go to plan
The boardroom fight at Athelney Trust (ATY) has resulted in chaos with multiple directors being given the boot, leaving shareholders wondering if the investment trust has a future.
Robin Boyle has failed in his attempt to be reinstated as a director and to run the investment trust portfolio.
The existing fund manager Manny Pohl has been voted off the board, so too chairman Simon Moore and two other directors.
Shareholders voted David Lawman and Paul Coffin on to the board on 22 January but the latter quit three days later.
Pohl has confirmed to Shares that he remains portfolio manager.