Edited to show resignations of Jenkins and Tomlinson and addition of Sandall as Company Secretary
THE Ark Academy Trust is a money-making venture run by multi-millionaire off-shore hedge fund managers.
Nationally it had an income of £21.9 million and assets of £31.3 million in the year ending August 2015 – the last year for which full accounts are available.
Its income and assets are increasing by about £2.5 million a year.
The group started 10 years ago with just one school at Burlington Danes in London – now it is a corporate monster, swallowing schools across the country.
Ark currently runs a network of 35 schools in the UK, in Birmingham, Hastings, London and Portsmouth. And it is now branching out to take over schools in India.
These are the eight people behind Ark Academy Trust… its Board of Trustees.
Philanthropists or money-makers?
Ian Gerald Patrick Wace – Chairman
Ian Wace is a financier and co-founder of Marshall Wace Asset Management, a London-based hedge…
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