Aberdeen mulls VCT mergers

group considers future of the four venture capital trusts inherited from murray johnstone

Aberdeen could become the first group to merge its VCTs as it considers the future of the underperforming vehicles it inherited from Murray Johnstone. Bill Nixon has been the named manager on the group's six VCTs since September, when John Simpson, who ran the four Murrary vehicles, and private equity division managing director Jonathan Diggines departed. Although Aberdeen took over Murray Johnstone in 2000, it was concerned about the lack of improvement in returns. Nixon said: "The performance on Murray funds was not good. This has long-term effects. Investing in unlisted firms is not ...