Octopus takes over management of Close VCTs

clock

Octopus Investments has confirmed that it will takeover management of all three AIM VCTs managed by Close Investments - representing around £65m of total assets - as of 1 August.

In addition to this, Andrew Buchanan and Kate Tidbury, managers of the Close AIM VCTs, will be moving to Octopus from Close to continue the day-to-day management of the funds. Chris Hulatt, a director Octopus Investments, said: "We are delighted to be taking over the management of these three AIM VCTs and to be welcoming Andrew and Kate, both highly regarded investment professionals, to Octopus. "We believe that the transfer of these funds further cements our position as the leading UK smaller companies house, with more than £0.6bn invested across our 15 VCTs, our IHT and EIS portfolio...

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

Join

 

Already a Professional Adviser member?

Login

More on VCTs / EIS

Why a 'wait and see' Budget approach could cost clients

Why a 'wait and see' Budget approach could cost clients

'Some of the most impactful changes to the tax landscape have already been announced'

Andrew Aldridge
clock 08 October 2025 • 4 min read
Why financial advisers need to embrace EIS or risk being left behind

Why financial advisers need to embrace EIS or risk being left behind

'Let's address the elephant in the room: yes, EIS investments are high-risk'

Andrew Aldridge
clock 22 September 2025 • 5 min read
Portfolio construction in 2025: The importance of diversification extends beyond asset classes

Portfolio construction in 2025: The importance of diversification extends beyond asset classes

Diversification must go beyond spreading investments across equities, bonds, and cash

Andrew Aldridge
clock 09 September 2025 • 4 min read