Friends Ivory & Sime withdraws ISIS Technology VCT

Friends Ivory & Sime is withdrawing its ISIS Technology VCT with immediate effect in light of current difficult market conditions. All investors will receive a full refund of their subscriptions, which total £309,000, with interest. The VCT was launched in October 2001, and was positioned to invest in technology-focused companies over the medium term. John Yule, Director Sales, ISIS said: "Last year Friends Ivory & Sime raised over £74million in VCTs. This year the total market size currently stands at only £51million. We are operating in a much more challenging mark...