FI&S Baronsmead VCT 3 launched

By James Phillipps Friends Ivory and Sime (FI&S) has launched its third Baronsmead venture capital trust and, although it is being billed as generalist, 50% of the new VCT will be invested in technology, media and telecoms. Baronsmead VCT 3 will invest in high growth sectors in a bid to maximise long term capital growth, focusing mainly on unquoted companies. The remaining 50% of the portfolio will be diversified into life sciences and healthcare, business services and consumer markets. VCT investor relations manager Michael Probin played down the risks of such a heavy tech weighting. H...