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Octopus to take over management of Close Investments AIM VCTs

Octopus Investments has announced it is taking over the management of all three of the AIM VCTs managed by Close Investments, representing around £65m of assets.

The move sees Close fund managers Andrew Buchanan and Kate Tidbury joining Octopus to continue the day-to-day running of the three VCTs.

Octopus director Chris Hulatt says the firm is delighted to be taking over the management of three AIM VCTs.

He says: “We believe that the transfer of these funds further cements our position as the leading UK smaller companies house, with more than £0.6bn invested across our 15 VCTs, our IHT and EIS portfolio services, as well as our range of OEICs.

“We are looking forward to working with both Buchanan and Tidbury on the generation of further returns for investors in these AIM VCTs.”



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