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Murray VCT director resigns in protest at move to Close

Michael Walker has resigned as director of Murray VCTs 2 and 3, after the trusts moved management of their funds from Aberdeen to Close. Aberdeen fund manager Bill Nixon had suggested merging some of the Murray VCTs as a means to reduce costs. IFAs and industry commentators have speculated that the decision to sack Nixon was the result of self-interest on the part of board members, wanting to preserve their jobs.

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