Unicorn looks to spread small-cap wings

Peters Webb and Walls spearhead continued expansion at Unicorn Asset Management, seeing growth through aquisitions as VCT rules tighten up

Expansion continues to be the watchword at Unicorn Asset Management as it looks to build on its position as a leader in the smaller companies and Aim space. As well as growing its current venture capital trust (VCT) range, Unicorn founder and chief executive officer Peter Webb is looking to acquire a generalist VCT management company and is considering consolidation opportunities in smaller VCTs in the market. Growth through acquisitions rather than organic is a direct result of the tightening of VCT rules and regulations in the past few budgets, leading to a lack of inflows and fund-mana...