By James Phillipps LeggMason Investors' Aim venture capital trust (VCT) will go ahead as plan...
By James Phillipps LeggMason Investors' Aim venture capital trust (VCT) will go ahead as planned, despite attracting less than a quarter of its initial subscription target. The VCT, which is to be managed by John Johnston, has so far attracted just £6.7m in subscriptions against an initial target of more than £30m but it has passed the £3m threshold LeggMason required to launch the trust. Johnston blames bad timing for the somewhat limited investor interest so far but noted that the VCT's subscription period does remain open until 31 May. He said: "The target was more than £30m...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes