Baronsmead 4 set for launch in November

Friends Ivory & Sime (FIS) is to offer Baronsmead 4 in November 2001, following the success of its three other VCT vehicles. The trust aims to raise £30m and will build a diversified portfolio of more than 30 holdings, primarily unquoted companies in selected growth sectors, to maximise long-term capital growth. David Thorp, lead investment manager of the Baronsmead VCTs, said that in the current economic climate, having diversity is very important. As such, the trust will invest in all types of companies, from cake suppliers to software firms. Thorp said: 'Fundamental to the success ...