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The Daley Update

Aberdeen Asset Management is to launch a new venture capital trust on September 21, to be run by Bill Nixon. The growth opportunities VCT will aim to reach £30m and will focus on UK companies in the later stages of the venture capital process.

Global Asset Management is offering a 2 per cent discount on its new Star American focus fund until September 14. The discount will cut the initial charge from 5 per cent to 3 per cent. Annual fee is 1.5 per cent. Minimum investment is £3,500. There is no commission to IFAs. The fund, managed by James Abate, is a Dublin-based Ucits. Abate joined GAM in January from Credit Suisse where he managed the Transatlantic fund.

Dresdner RCM is offering free transfers into its Triplets Isa and Pep plan, which brings together three of its leading investment trusts. It will waive the £20 transfer fee and 0.5 per cent dealing charge on all transfers into Triplets between September 1 and December 31. Initial commission of up to 3 per cent. Triplets is a combination of Dresdner&#39s Brunner, Charter and Merchants investment trusts.

Williams de Broe is to hold a series of IFA roadshows to promote its Solutions portfolio range, and discuss the benefits of investment trusts. The next event will be at Royal Clarence Yard in Exeter on October 19, with three other presentations to be held in Liverpool, Edinburgh and Dublin.

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I can think of about a dozen reasons why I should not be outspoken and forget what else is happening around me and just adjust my business appropriately when inappropriate regulation and stupid regimes are introduced.I wouldn&#39t upset as many people. I wouldn&#39t incur the wrath of the investment gro-ups, the life companies and even […]

Image courtesy of Stuart Miles at FreeDigitalPhotos.net

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