Artemis is looking to raise an extra £20m for its Aim VCT with a new subscription of C-class shares. Artemis set up its VCT in January, raising £33m in just under three months. The new subscription, which will open next month, would take the fund's total to £53m. Minimum investment is £3,000.
Credit Suisse Asset Management has appointed Chanaz Louarith as the fifth member of its multi-manager team. Louarith joins from Kreis Consulting, where he managed a bespoke investment fund research service.
Downing Corporate Finance set up its Electra Kingsway VCT this week and is aiming to raise £25m. The generalist fund will invest in both Aim-listed and unquoted companies. Minimum investment is £5,000.
LeggMason Investors has appointed Kieran Gallagher as chief investment officer and head of Europe. He is the latest in a long line of departures from Newton Fund Management, where he was head of European equities. He will take up his new position in the new year.
Matrix Securities and Unicorn are offering the Unicorn Aim VCT, with the aim of raising £35m.