Murray VCT squabble does little to enhance sector's reputation

In the financial services industry's traditionally slow summer months, the seemingly endless spat su...

In the financial services industry's traditionally slow summer months, the seemingly endless spat surrounding the Murray VCTs has made good reading, if hardly winning plaudits for any of the parties concerned. This week's EGMs for the three former Murray VCTs might resolve the long-running dispute stemming from the board's decision to switch from Aberdeen to Close Brothers earlier this year. But whatever the final result, we can be sure shareholders have lost out. Neither side has covered itself in glory. The trust boards' decision to switch managers only months after the well regarded B...