Seymour Pierce to relaunch its VCT

Professional Adviser
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By Fiona Henderson The Seymour Pierce VCT will look to relaunch later this year when it believes ...

By Fiona Henderson The Seymour Pierce VCT will look to relaunch later this year when it believes retail investor sentiment is likely to be more positive. The VCT, which was looking to raise a minimum of £3m and targeting £7.5m, has been withdrawn as a result of poor market conditions. The pull of this venture capital trust follows the recent withdrawal of the Harvest VCT and it highlights concerns that there are many new venture capital trusts that will find difficulty in attracting money. This is a result of a combination of many more VCTs on the market compared to previous year...

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