Edinburgh to help forthcoming VCT

Northern Venture Managers (NVM) is to launch a £20m venture capital trust investing in new Aim market issues and pre-floatation placings by unlisted companies. The smaller companies team at Edinburgh Fund Managers will manage the initial proceeds of the issue, which will be invested mainly in smaller listed companies. Funds will be progressively drawn down by Northern Venture as the Aim and unquoted portfolio is developed over a two to three year period. The fund is expected to be launched in October, with information available from 18 September. The issue is sponsored by Brewin Dolphi...