VCTs

GOSLING'S GROUSE

Former Baillie Gifford European small-cap manager David Walton has joined Hargreave Hale to assist Giles Hargreave across his Marlborough small-cap unit trusts and the firm's VCT products.

The FSA is reconsidering whether VCTs, REITs and offshore investment companies should be included in the forthcoming sales ban on unregulated collective investment schemes (UCIS) to retail investors.

The Association of Investment Companies (AIC) has warned venture capital trust (VCT) fundraising will halve next year, if the vehicles are not granted an exemption from the FSA's sales ban on unregulated collective investment schemes (UCIS) to ordinary...

A number of celebrities, including pop star Robbie Williams, are facing multi-million pound tax bills if a tribunal judgement goes against VCT provider Ingenious Media.

Baronsmead has launched a top-up scheme with the aim of raising £30m across its five-strong range of VCTs.

The British Private Equity and Venture Capital Association (BVCA) is holding talks with Treasury officials over the FSA's proposal to restrict VCT and EIS sales to sophisticated investors.

Brett Williams, the former head of platform giants Skandia and Cofunds, has moved into the EIS market with a series of launches through his new venture Old Burlington Investments (OBI).

Albion Ventures has launched a top up scheme seeking to raise up to £15m across six of its venture capital trusts (VCTs).

Venture capital trusts (VCTs) and enterprise investment schemes (EISs) are to fall under the Financial Services Authority's (FSA's) upcoming guidance on unregulated collective investments schemes (UCIS).