Foresight Group to take over Noble VCT

Noble Fund Managers has resigned as adviser on the Noble VCT, with Foresight Group taking over...

Noble Fund Managers has resigned as adviser on the Noble VCT, with Foresight Group taking over from 1 April. As part of a strategic review last year, the VCT board decided it would be in the best interests of shareholders to hold significantly more in unquoted, later stage companies as a proportion of the overall portfolio. After differences of opinion emerged, Noble tendered its resignation with effect from 31 March. As part of the changeover to Foresight, the Noble trust will merge with Foresight 3 subject to shareholder approval.