Close Inv passes AIM VCTs to Octopus

The funds have a total of around £65m in assets under management and will come under Octopus’s control on 1 August. Andrew Buchanan and Kate Tidbury, who managed the VCTs for Close, will also join the Octopus team and will continue with day-to-day management of the funds. Chris Hulatt, director of Octopus, comments: “We are delighted to be taking over the management of these three AIM VCTs and to be welcoming Andrew and Kate, both highly regarded investment professionals, to Octopus.” Buchanan has worked in fund management since 1973, having worked at Rutherford Asset Management prior to...