View more on these topics

Matrix Securities launches biggest ever VCT

Matrix-Securities is launching the biggest ever venture capital trust on offer to date.

The London tax-sheltered investment specialist says its TriVen VCT will aim to raise £60m from investors.

The trust will spread investors&#39 risk across different sectors with between 50 and 70 individual companies expected to receive venture capital from TriVen at full subscription.

The VCT will be managed by three venture capital managers, Elderstreet Investments, GLE Development Capital and LICA Development Capital.

Elderstreet will focus on the information technology and computer sectors. GLE will take a &#34generalist&#34 approach. LICA will focus on the industrial and media sectors.

The minimum investment in TriVen is £5,000. IFAs will be paid up front commission of 2.125 per cent and trail commission, paid annually, of 0.375 per cent of the net asset value of TriVen.


MPC cuts interest rates by 0.5 per cent

The Bank of England Monetary Policy Committee is cutting interest rates by 0.5 per cent.The fifth consecutive cut brings rates down to 5.5 per cent. The decision has been welcomed by the Council of Mortgage lenders.CML director general Michael Coogan says: &#34While there is some question about how much further rates can fall this latest […]

Treasury Select Committee to report on FSA this week

The Treasury Select Committee is due to publish its report on the Financial Services Authority entitled &#39Financial Services Regulation&#39 on Thursday this week.The committee interviewed FSA chairman Howard Davies and Treasury economic secretary Patricia Hewitt in December last year.

Indian market rallies as Modi's popularity strengthens

Kunal Desai, manager of the Neptune India Fund, comments on the implications of the BJP’s historic election win in India’s most populous state, Uttar Pradesh. Read the full article here Important Information – for investment professionals only. Not for retail clients.  Investment risks  The Neptune India Fund may have a high volatility rating and past […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment