Venture capital manager Seed Capital is set to launch its third Oxford technology VCT in February. The fund is looking to raise £10m and will be managed by the same team as the Oxford technology and Oxford technology 2 VCTs. Minimum investment is £5,000. Annual fee is expected to be 2 per cent, with an initial charge of up to 3 per cent. Commission is 3 per cent.
Former Chase de Vere director of savings & investment Graham Hooper has been appointed as new marketing director for IFA Holden Meehan. Hooper will look to build the national profile of the firm.
Rathbone chief investment officer Hugh Priestley is to relinquish the management of three of his five retail funds as he prepares for semi-retirement next year. The Rathbone Esk and Rathbone technology funds will both now be managed by deputy CIO Julian Chillingworth, while the Rathbone capital growth fund will be handed over to Carl Stick. Priestley will continue to manage the global companies and income & growth funds and is to remain working part-time for Rathbone after his 60th birthday next year.
Aberdeen has produced a free CD-Rom for IFAs, explaining the ins and outs of VCTs. The CD includes details of key facts on VCT investing, the tax advantages of VCTs, as well as an interview with manager of Aberdeen's growth opportunities VCT Bill Nixon.