Murray targets tech

Murray Ventures investment trust's portfolio is to be invested only in quoted tech, media and telecom (TMT) stocks. The trust is also changing its name to Murray TMT. The move is an attempt to narrow the discount to NAV, which last week stood at 27%, and improve performance. Geoff Burns, head of investment trusts at Murray Johnstone, said: "Murray Ventures has suffered as a result of its position in the private equity market. While the deal flow for VCTs and large cap venture capitalists is strong, quality deals in the middle ground are rare." As part of the change 42% of Murray Venture...