VCTs

Venture Capital Trusts(VCTs) have posted another strong fundraising year in 2011/12, with £330m of new shares issued in difficult market conditions.

CONTRARIAN

The Treasury has put proposals to widen the investment universe for venture capital trusts on hold to protect the vehicles from losing their tax advantages.

High-net-worth clients on the hunt for tax efficient savings vehicles following the Budget clampdown on maximum investment plans (MIPs) are likely to turn to enterprise investment schemes (EIS) and venture capital trusts (VCTs), the Prudential has predicted....

Few VCTs are upbeat nowadays - they are either fretting over the state of their portfolio, or their next fund, but one manager has just experienced a record number of deals.

Bramdean's Nicola Horlick is launching a fund to raise as much as £2m for film development projects.

Chancellor George Osborne has announced a clampdown on venture capital trusts (VCTs) and enterprise investment schemes (EIS') purely set up to access tax reliefs.

VCTs

Nicola Horlick, chief executive of Bramdean Asset Management, has joined forces with two 3i alumni to launch a new investment business.

Octopus Investments has said it is working with the administrators of Glasgow Rangers after one of its investments was caught up in the debacle.