CCS restructures team

By Robert Stock Capel Cure Sharp is to install Daniel Nickols as lead manager of its UK Smaller Companies Fund following the departure of Simon Smith to venture capital firm Springboard Plc on 1 January. Smith, who has headed the fund since its launch in 1991, decided to join Springboard, which is an Aim-listed company investing a pool of assets raised by issuing shares in new ventures, after failing to convince CCS to launch a venture capital trust. Smith told Investment Week that part of his role at Springboard could involve the launch of a retail venture capital trust, a proposition w...