Contents Welcome 05 Property 06 Seneca launch in to property 06 Flexible Future 10 Equity Tax Advantaged Investing with Seneca Advisory Seneca take the lead on Ludlow MBO Biography Michael Beverley - Chairman Fund Management The art and science of Multi-Asset Value investing Debt 13 13 20 20 22 22 26 26 31 Debt Matters 31 Rewriting the rule book 34 Building Bridges 38 Protecting our interests 39 Q & A with Seneca Bridging's Head of Operations 40 Seneca Bridging - Providing Innovative Finance 42 Seneca News 44 200 mile cycling challenge raises £10,000 44 Alternative Finance Provider of the Year 45