Aberdeen unveils VCTs

By Robert Stock and Pascal Dowling Aberdeen Asset Managers is to launch two separate VCTs in January which will be close mirrors of each other allowing the fund manager to enter larger venture capital deals. The management of the Aberdeen Growth VCT I and VCT II will be split with around 40% of assets being invested in Aim companies by William Hemmings and Mark Daniels from Aberdeen's UK team. Unquoted companies will be managed by the Aberdeen Murray Johnstone Private Equity team under John Simpson based in Glasgow which manages around £180m in assets. Assets invested in the trusts mus...