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Venture Capital Trusts outperform FTSE 100

Venture capital funds beat the FTSE 100 Index by 13 points in 1999, according to a report from the British Venture Capital Association.

The funds also outperformed pension funds by 12.3 percentage points the findings indicate.

The Financial Times concludes that the report will likely delight Chancellor Gordon Brown who has embarked on a personal crusade to convince institutional investors to take more chances in their investments.

Venture capital funds reported a 33.6 per cent return last year, compared with a 20.6 per cent return by FTSE companies.

BVCA investor relations committee chairman Edmund Truell says: “The story of persistent outperformance continues, and shows that this is not just a flash in the pan. Venture capital has got be regarded as having a place in any prudently diversified portfolio.”

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