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Ethical VCT first

I feel I must drop you a line to correct an inaccuracy in an article in the May 10 issue. It states: &#39The launch of the first socially responsible VCT is one option which the fund manager is seriously considering.”

For the record, Downing Corporate Finance has beaten Friends because we launched the Pennine Downing ethical VCT in the autumn of 1999 as we realised this was an area of the market being overlooked by other venture capital houses. Indeed, we are considering raising further funds later in the year, such is the demand.

Matthew Brown

Marketing manager,

Downing Corporate Finance,

London SW1


Milk the system for every penny

It comes as no surprise to read that life companies have thrown in the towel as far as providing any sort of mean-ingful guidance on contracting out is concerned. The combination of assump-tions about what the future may hold is such a dog&#39s breakfast (thanks to the Government&#39s usual incessant tinkering) that they all came […]

Portfolio Fund Management appoints sales manager

Portfolio Fund Management has appointed Ashley Busby as its new sales manager for the south of England.Busby joins from Perpetual where he was an account manager. In his new position, he will be responsible for expanding the company’s IFA links in the South.

Pink continues to focus on self-cert market

Pink Home Loans has teamed up with Verso with the introduction of the exclusive self-cert mortgage.The product has a fixed rate of 5.98 per cent for the first three years of the mortgage for loans of up to 85 per cent of valuation. Pink Home Loans has targeted the mortgage at self-employed people who can […]

SocGen looks across the Atlantic

SocGen Asset Management is going stateside with the SocGen American growth fund.The fund is a unit trust and is aimed at experienced investors who are either looking for exposure to America, or who are looking to add a US fund to an existing portfolio.The fund will invest in a wide spread of American companies in […]


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