Octopus Investments has confirmed that it will takeover management of all three AIM VCTs managed by Close Investments - representing around £65m of total assets - as of 1 August.
In addition to this, Andrew Buchanan and Kate Tidbury, managers of the Close AIM VCTs, will be moving to Octopus from Close to continue the day-to-day management of the funds. Chris Hulatt, a director Octopus Investments, said: "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. "We believe that the transfer of these funds further cements our position as the leading UK smaller companies house, with more than £0.6bn invested across our 15 VCTs, our IHT and EIS portfolio...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes