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F&C’s VCT team to set up small companies boutique

F&C’s venture capital trust team are
leaving to start their own investment boutique but will continue to
run F&C trusts on an outsourced basis.

Bill Brown, Robert Mitchell and Stuart Rollason will set up a
boutique in the new year specialising in smaller and fledgling
companies.

The team have approval from each of the boards of the active capital
trust, Aim VCT and Aim VCT2 to continue running the mandates.

F&C will remain manager of the discovery trust but Mitchell will
provide portfolio management services.

F&C and the boutique will operate on a revenue-sharing basis,
with F&C providing secretarial and administration services to the
boutique.

The Baronsmead VCTs are not affected as they are run by Isis Equity Partners.

F&C head of UK retail and investment trusts Nick Criticos says:
“F&C will have an ongoing interest in these mandates and Brown,
Mitchell and Rollason will achieve their aspiration of owning their
own business.”

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