Williams to head Gartmore Premier VCT

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The newly launched Gartmore Premier VCT is to be managed by Gervais Williams, smaller company fund m...

The newly launched Gartmore Premier VCT is to be managed by Gervais Williams, smaller company fund manager at Gartmore, and his smaller companies team. Within three years it will have invested 70% of the portfolio in Aim and Ofex-listed companies and will invest only in unquoted companies aiming to list within 18 months. The minimum investment is £3,000 up to a maximum of £100,000 a year. Initial intermediary commission is 2.5% with 0.25% trail. There is a management fee of 1.5% of net assets for the first period to 30 September 2002, 1.75% of net assets for the following year and 2% for ...

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