Circular logic

Initial exhilaration over the future of the Murray VCTs rapidly morphs into the chairman losing the will to live

"Is it just me or has the recent fun and games over the future of the three Murray VCTs been particularly exhilarating?" asked the chairman of the insignificantly-sized investment company SmallBluePlanet as we headed to The Paper Mountain for a pint or two of Dead Baby Tree. "No, I'm pretty sure it's just you," I replied. "Oh, I admit I initially found the prospect of somebody looking to shake up a bunch of VCTs intriguing. After all, what makes investment trusts more interesting than their open-ended cousins is the soap opera of company law – you know, a bit like Emmerdale but where all t...