Rathbone EIS plans to raise further £5m

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The Rathbone EIS Portfolio service is looking to raise a further £5m by the end of the year. Mich...

The Rathbone EIS Portfolio service is looking to raise a further £5m by the end of the year. Michael Cunningham, who manages both the EIS service and the Pennine VCTs at Rathbones, said: 'The service is always open to new investment but we like to control how much comes into the fund as having too much money is just as much of a problem as too little.' The service is aimed at high net worth individuals and offers exposure to the same companies invested in through the VCTs. Cunningham manages the Pennine Aim VCT, Pennine Aim VCT II and the Pennine Downing Aim VCT. He said: 'All th...

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