ViCTory VCT has appointed Paul Jourdan's Amati Global Investors as its new fund manager, replacing Williams de Broe.
The VCT's chairman Christopher Moorsom says the board decided to appoint new managers following a period of poor performance.
Led by Dr Paul Jourdan and Douglas Lawson, Amati already runs its Noble AIM VCT, as well as the CF Noble UK Smaller Companies fund.
Moorsom says: "The board believes that the Amati approach of using the non-qualifying portion of the VCT's investments to broaden and extend the range of the qualifying portfolio to include a portfolio of small and mid-sized companies will add value.
"The recent strategy of Noble AIM VCT has been to direct the non-qualifying investments towards overseas earnings' streams, particularly from the Far East, and the energy and natural resources sectors which are rarely represented through qualifying investments.
"Amati will seek over time to re-align the qualifying portfolio in ViCTory VCT towards slightly larger companies."
Williams de Broe became manager in October 2008 when it acquired the business of Singer & Friedlander Investment Management from its administrator. Last June, ViCTory changed its name from Singer & Friedlander AIM 3 VCT.
